Chapter 7, question 4

Carmen's Dress Delivery operates a mall-order business that sells clothes designed for frequent travelers. It had sales of $700,000 in December. Because Carmen's Dress Delivery Is in the mall-order business, all sales are made on account. The company expects a 23 percent drop in sales for January. The balance in the Accounts Recelvable account on December 31 was $96,900 and Is budgeted to be $72,200 as of January 31. Required a. Determine the amount of cash Carmen's Dress Delivery expects to collect from accounts recelvable during January