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What is the march a per r balance

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Reference no: EM132516759

If recent and projected sales are:

                                Sales                           Units

February                     $360,000                 6,000

March                         480,000                  8,000

April                           480,000                 8,000

May                           480,000                 8,000

June                           360,000               6,000

July                            420,000                7,000

August.                       600,000             10,000

Sept.                          600,000              10,000

  • Credit accounts are collected 60% in the month following the sale and 40% in the next month following. There are no bad debts. Collections are current; the March A/R balance is made up of uncollected amounts from February and March sales.

Question 1: What is the March A/R balance??

Reference no: EM132516759

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