Outstanding accounts receivable

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Reference no: EM131087796

On March 31, a company had outstanding accounts receivable of $52,000. Sales are roughly 40% credit and 60% cash, with the credit sales collected half in the month after the sale and the remainder two months after the sale. Historical and projected sales are as follows: January $100,000 February $100,000 March $80,000 April (projected) $60,000 Under these circumstances, what is the balance in accounts receivable at the end of April?

Reference no: EM131087796

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