The managerial accountant at hill’s development services expects to collect 30% of its credit sales in the month after the sale and 40% two months after the sale. assume credit sales in december were $100,000 and november sales were $90,000. november credit sales $90,000 december credit sales $100,000 what is the anticipated cash collection of credit sales for january?

Juan's investment portfolio was valued at $125,640 at the beginning of the year. during the year, juan received $603 in interest income and $298 in dividend income. juan also sold shares of stock and realized $1,459 in capital gains. juan's portfolio is valued at $142,608 at the end of the year. all income and realized gains were reinvested. no funds were contributed or withdrawn during the year. what is the amount of income juan must declare this year for income tax purposes?