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A company is working on their budgets for the year 2021. The table below has a few of their expectations for 2021. Accounts Receivable on
A company is working on their budgets for the year 2021. The table below has a few of their expectations for 2021. Accounts Receivable on January 1 Sales in January Sales in February Sales in March Sales in April $41,767 $76,509 $51,637 $51,775 $78,274 Historically, this company's collection pattern for sales has been 19% as cash sales and 81% on account. The sales on account get collected 72% one month following the sale and the remainder two months following the sale. The Accounts Receivable on January 1 is the result of credit sales in December 2020 and thus is expected to be collected according to the sales on account pattern (72%/28%). How much should this company expect in Cash Collections for the month of January? (round to the nearest whole dollar/input code 0)
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