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Toolbox, Inc. has an accounts receivable balance of $96,480 at the end of December. Customers take an average of 25 days to pay, and the
Toolbox, Inc. has an accounts receivable balance of $96,480 at the end of December. Customers take an average of 25 days to pay, and the company is expecting to achieve $$123,600 of credit sales in January. Assuming 30-day months, what cash does Toolbox expect to collect from its customers in January?
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