Question

Kallsen Enterprises, in its first year of operations, has provided the following estimated sales information:
Month One .............................................................. $ 150,000
Month Two ............................................................. 160,000
Month Three ............................................................ 170,000
Based on past experience with similar companies, the manager believes that 55 percent of sales will be collected in the month of sale while the remaining 45 percent will be collected in the month following the sale. What is the expected accounts receivable balance each month?


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  • CreatedMarch 25, 2015
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