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estimate cash collections duluth company is preparing its cash budget for december t 691265

Estimate Cash Collections

Duluth Company is preparing its cash budget for December. The following information is available concerning its accounts receivable:

Estimated credit sales for December

$300,000

Actual credit sales for November

$225,000

Estimated collections in December for credit sales in December

25%

Estimated collections in December for credit sales in November

70%

Estimated collections in December for credit sales prior to November

$ 24,000

Estimated write offs in December for uncollectible credit sales

$ 12,000

Estimated provision for bad debts in December for credit sales in December

$ 10,500

Required

What is the estimated amount of cash receipts from accounts receivable collections in December?

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