Question: Please solve using numbers A company is working on their budgets for the year 2021. The table below has a few of their expectations for
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 $37,587 Sales in January $69.151 Sales in February $58,297 Sales in March $72,512 Sales in April $69.570 Historically, this company's collection pattern for sales has been 11% as cash sales and 89% on account. The sales on account get collected 50% 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 (50%/50%). How much should this company expect in Cash Collections for the month of March? (round to the nearest whole dollar/input code )
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