Ingraham inc. currently has $205,000 in accounts receivable, and its days sales outstanding (dso) is 71 days. it wants to reduce its dso to 20 days by pressuring more of its customers to pay their bills on time. if this policy is adopted, the company’s average sales will fall by 15%. what will be the level of accounts receivable following the change? assume a 365-day year.

The following transactions occurred during july: received $1,000 cash for services provided to a customer during july. received $4,000 cash investment from bob johnson, the owner of the business received $850 from a customer in partial payment of his account receivable which arose from sales in june. provided services to a customer on credit, $475. borrowed $7,000 from the bank by signing a promissory note. received $1,350 cash from a customer for services to be rendered next year. what was the amount of revenue for july?