In recent times, NetTech Innovations has been encountering difficulties in sustaining a stable ending cash balance. To address this, NetTech Innovations is working on formulating a cash budget. By the end of November, the accounts receivable balance stands at $89,500. Here's the sales information for the past two months: From October Sales $165,000 From November sales $185,000 NetTech Innovations observes the subsequent pattern of collections on credit sales: 65 percent collected in the month of sale, 20 percent in the month after the month of sale, and 13 percent in the second month after the sale. The remaining 2 percent is deemed uncollectible. Given that NetTech's expected sales for December are $170,000, how much cash should NetTech Innovations anticipate collecting in December?

Answer rating: 100% (QA)

Collections from October sales 65 collected in October 165000 65 107250 Collections from Nove... View the full answer