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Question 3 0/3 pts A company is working on their budgets for the year 2021. The table below has a few of their expectations for
Question 3 0/3 pts A company is working on their budgets for the year 2021. The table below has a few of their expectations for 2021. Accounts Receivable on January 1 $47,819 Sales in January $62,999 Sales in February $68,935 Sales in March $56,369 Sales in April $74,532 Historically, this company's collection pattern for sales has been 18% as cash sales and 82% on account. The sales on account get collected 63% one month following the sale and the remainder two months following the sale. The Accounts Receivable on January 1 is the result of credit sales in December 2020 and thus is expected to be collected according to the sales on account pattern (63%/37%). How much should this company expect in Cash Collections for the month of February? (round to the nearest whole dollar/input code 0) 49,254
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