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A company is working on their budgets for the year 2 0 2 1 . The table below has a few of their expectations for
A company is working on their budgets for the year The table below has a few of their expectations for
Accounts Receivable on January $
Sales in January $
Sales in February $
Sales in March $
Sales in April $
Historically, this company's collection pattern for sales has been as cash sales and on account. The sales on account get collected one month following the sale and the remainder two months following the sale.
The Accounts Receivable on January is the result of credit sales in December and thus is expected to be collected according to the sales on account pattern
How much should this company expect in Cash Collections for the month of February? round to the nearest whole dollarinput code
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