If the actual February 28 A/R balance was $12,000 and projected sales in March are $50,000, where 70% of sales are on credit, 60% of credit sales are collected in the month of the sale, and 40% are collected in the month after the sale, what is the projected A/R balance on the pro forma balance sheet for the end of March?

Answer rating: 100% (QA)

Heres how to calculate the projected AR balance for the end of March 1 Calculate credit ... View the full answer