You are preparing the sales forecast of your company that has forecasted sales of $3,000...
80.2K
Verified Solution
Link Copied!
Question
Finance
You are preparing the sales forecast of your company that has forecasted sales of $3,000 in April, $4,500 in May, and $6,000 in June. All sales are on credit . 30% is collected the month of sale and the remainder the following month. What will be the balance in accounts receivable at the end of June? O $5,100 O $1,950 O $4,200 O $6,500
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
