course materials

1. Total Monthly sales are as follow: November: $100,000 December:
$120,000 Jan. 110,000 The sales are 30% cash and 70% credit card.
Total Monthly sales are as follow:November: $100,000December: $120,000Jan.:
110,000The sales are 30% cash and 70% credit card. American Express is the only
acceptable credit card at Mable’s, and the charges are converted to cash 7 days after the
sale. Assume the sales are even throughout the month, and that the brokerage charge is 4%
on gross. What is the collection of accounts receivables for January?