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Kathy Furniture Company has budgeted sales of $100,000 in January 2010 and $125,000 in February 2010. All sales are assumed to be on credit. Cash
Kathy Furniture Company has budgeted sales of $100,000 in January 2010 and $125,000 in February 2010. All sales are assumed to be on credit. Cash collections for Kathy are estimated to be 60% of current sales in the current month and 40% of current sales in the following month. A/R at the end of December 2009 is $45,000. Q17. Ending A/R for February 2010 is estimated to be: $50,000 $95,000 $135,000 O $170,000
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