HW 14 Q 3

Carmen's Dress Delivery operates a mail-order business that sells clothes designed for frequent travelers. It had sales of $690,000 in December. Because Carmen's Dress Dellvery is in the mall-order business, all sales are made on account. The company expects a 27 percent drop in sales for January. The balance in the Accounts Recelvable account on December 31 was $97,000 and is budgeted to be $72,200 as of January 31 . Required a. Determine the amount of cash Carmen's Dress Dellvery expects to collect from accounts recelvable during January