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Your projected sales for the first 3 months of next year are as follows: January, $15,000;...

Your projected sales for the first 3 months of next year are as follows: January, $15,000; February, $20,000; March, $25,000. Based on last year's data, cash sales are 20 percent of total sales for each month. Of the accounts receivable, 60 percent are collected in the month after the sale and 40 percent are collected in the second month following the sale. Sales for November of the current year are $15,000 and for December are $17,000. You have the following estimated payments: January, $4,500; February, $5,500: March, $5,200

what would yours accounts receivables be for beginning of january, february, march?

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Answer: computation of accounts receivables be for beginning of january, february, march

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