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    beepb00p's Avatar
    beepb00p Posts: 1, Reputation: 1
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    #1

    Feb 21, 2014, 03:30 PM
    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.
    rehmanvohra's Avatar
    rehmanvohra Posts: 739, Reputation: 27
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    #2

    Feb 21, 2014, 10:21 PM
    The ending balance in receivables will be 33% of this month's credit sales:
    805109*.33=265686
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