Multiple Choice
ANNCO sells products on account and experiences the following collection schedule: On December 31, ANNCO reports accounts receivable of $211,500. Of that amount, $162,000 is due from December sales, and $49,500 from November sales. ANNCO is budgeting $170,000 of sales for January. If so, what amount of cash should be collected in January?
A) $129,050
B) $174,500
C) $211,500
D) $228,500
Correct Answer:

Verified
Correct Answer:
Verified
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