Lauras Dress Delivery operates a mail-order business that sells clothes designed for frequent travelers. It had sales of $800,000 in December. Because Lauras Dress Delivery is in the mail-order business, all sales are made on account. The company expects a 30 percent drop in sales for January. The balance in the Accounts Receivable account on December 31 was $120,000 and is budgeted to be $82,000 as of January 31. Lauras Dress Delivery normally collects accounts receivable in the month following the month of sale.

Required:

a.	Determine the amount of cash Lauras Dress Delivery expects to collect from accounts receivable during January.

value: 10.00 points Laura's Dress Delivery operates a mail-order business that sells clothes designed for frequent travelers. It had sales of $800,000 in December. Because Laura's Dress Delivery is in the mail-order business, all sales are made on account. The company expects a 30 percent drop in sales for January. The balance in the Accounts Receivable account on December 31 was $120,000 and is budgeted to be $82,000 as of January 31. Laura's Dress Delivery normally collects accounts receivable in the month following the month of sale. Required: a. Determine the amount of cash Laura's Dress Delivery expects to collect from accounts receivable during January. pected cash collection