Exercise 14-5 Determining cash receipts from accounts receivable LO 14-2 Carmen's Dress Delivery operates a mail-order business that sells clothes designed for frequent travelers. It had sales of $660,000 in December. Because Carmen's Dress Delivery is in the mail-order business, all sales are made on account. The company expects a 24 percent drop in sales for January. The balance in the Accounts Receivable account on December 31 was $96,700 and is budgeted to be $72,800 as of January 31. Required a. Determine the amount of cash Carmen's Dress Delivery expects to collect from accounts receivable during January nces Expected cash collection Next? ere to search o H e