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Wichas industries' sales are 20% cash and 80% on credi. Credit soies are collected as follows: 30% in the month of sale, 50% in the
Wichas industries' sales are 20% cash and 80% on credi. Credit soies are collected as follows: 30% in the month of sale, 50% in the next month, and 20% in the second following month. On December 3t, the accounts recelvable bolance includes $23,000 from November sales and $35,000 from December sales. Assume that total sales for January are budgeied to be $61,000. What are the expected cash recelpts for January from the current and past salos
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