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-   -   Ending Accounts Receivable (https://www.askmehelpdesk.com/showthread.php?t=785100)

  • Feb 21, 2014, 03:30 PM
    beepb00p
    Ending Accounts Receivable
    BSA, Inc management estimates that 67% of credit sales will be collected in the month of sale with a 1% prompt payment discount taken. The remainder of credit sales will be collected the following month. Last month BSA, Inc had $425,210 in cash sales and $735,586 in credit sales. This month, BSA, Inc expects cash sales of $506,740 and credit sales of 805,109. What is the estimated the balance in ending accounts receivable this month? Keep all decimal points until you round to the nearest $1 in your final answer.
  • Feb 21, 2014, 10:21 PM
    rehmanvohra
    The ending balance in receivables will be 33% of this month's credit sales:
    805109*.33=265686

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