Barcenilla has a beginning accounts receivable balance of $ 140,000. Barcenilla expects sales to be $ 460,000;

Question:

Barcenilla has a beginning accounts receivable balance of $ 140,000. Barcenilla expects sales to be $ 460,000; $ 500,000; and $ 520,000, respectively, for each month in the next quarter. Based on past experience, Barcenilla estimates that 65 percent of sales will be collected in the month of sale with the remaining amount collected in the month following the sale. Barcenilla estimates that marketing costs will average 8 percent of sales while distribution costs will be 2 percent of sales plus $ 8,000 per month. What are Barcenilla’s estimated cash receipts by month for the next quarter?

Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that... Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...