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What is the projected accounts receivable balance

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Reference no: EM132982760

Question - A company collects 30% of its receivables in the month of sale, 20% the following month and the remaining 50% in the month after that. Projected credit sales for the coming year are $250,000 for January, $100,000 for February, $600,000 for March and $400,000 for April. What is the projected Accounts Receivable balance for the end of April?

a) $380,000

b) $420,000

c) $480,000

d) $580,000

e) None of the other answers is correct

Reference no: EM132982760

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