Financial Management: 4-2B On March 31, 2004, the Floydata Food Distribution Company

Financial Management 
4-2B. (Pro forma accounts receivable balance calculation) 
On March 31, 2004, the Floydata Food Distribution Company had outstanding accounts receivable of $52,000. Sales are roughly 40 percent credit and 60 percent cash, with half of the credit sales collected in the month after the sale and the remainder two months after the sale. 
Historical and projected sales for Floydata Food follow: 
Month Sales 
January 100,000 
February 100,000 
March 80,000 
April (projected) 60,000 

a. Under these circumstances, what should the balance in accounts receivable be at the end of April? 
b. How much cash did Floydata realize during April from sales and collections?
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