Question: 38) Same information as before - you start your business on January 1st. Your sales are forecasted to be $125,000 for January, $140,000 for February,

38) Same information as before - you start your

38) Same information as before - you start your business on January 1st. Your sales are forecasted to be $125,000 for January, $140,000 for February, $160,000 in March and $165,000 in April. You expect to collect 60% of your sales in the month of the sale, 25% the following month, 10% two months later and 4% three months later. What total is the balance in your Allowance for Uncollectible Accounts at the end of April if you have not yet written off any accounts

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