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Carmens Dress Delivery operates a mail-order business that sells clothes designed for frequent travelers. It...

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Accounting

Carmens Dress Delivery operates a mail-order business that sells clothes designed for frequent travelers. It had sales of $650,000 in December. Because Carmens Dress Delivery is in the mail-order business, all sales are made on account. The company expects a 29 percent drop in sales for January. The balance in the Accounts Receivable account on December 31 was $97,000 and is budgeted to be $72,400 as of January 31.

Required

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

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