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ABC is planning for the following unit sales of Product A for January 2022. Each unit of product A sells for $28. Sales are 50%
ABC is planning for the following unit sales of Product A for January 2022. Each unit of product A sells for $28. Sales are 50% cash and 50% credit. 50% of credit sales are collected in the month of sale and the remaining 50% is collected in the month following the sale. The balance in the accounts receivable on December 31, 2021, is $10,000. January Unit sales Product A 2394 Required: Compute the expected amount of cash collections for the month of January 2022 Important Round your answer to two decimal places. Do not use $ signs, commas, or words. For example: enter "1234.00" and not $1,245.00 per hour
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