Gianna runs a small business and is attempting to create a Cash Collections Budget, so she can determine her income for the first quarter of next year. She has an accounte receivable balance of $25,000 at the end of this year and expects her 1 st quarter sales for next year to be $75,000.If her standard is to collect 50% of sales in the quarter in which it was earned, how much will her Total Cash Collections be for Quarter 1 of next year?a.) $25,000b.) $75,000a) $62,500d.) $67,250 Get tutor help
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Gianna runs a small business and is attempting to create a Cash Collections Budget, so she can determine her income for the first quarter of next year. She has an accounts receivable balance of $25,000 at the end of this year and expects her ist quarter sales for next year to be $75,000.If her standard is to collect 50% of sales in the quarter in which it was earned, how much will her Total Cash Collections be for Quarter 1 of next year?(a) $25,000(b) $75,000(c) $62,500(d) $67,250 Get tutor help
