Hello.tutor please given correct answer general Accounting GlobalTech Corp. projects first quarter sales of $800. Theircurrent accounts receivable balance is $500. If their averagecollection period is 60 days, calculate the expected accountsreceivable balance at the beginning of the second quarter.

Step 1: DefinitionThe Expected Accounts Receivable Balance at the beginning of the second quarter is…

Answered: GlobalTech Corp. projects first quarter…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter7: Budgeting

Section: Chapter Questions

Problem 9PA: Fitbands estimated sales are: What are the balances in accounts receivable for January, February,...

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Bluewater, Inc. has the following estimated quarterly sales for next year. The accounts receivable period is 60 days. What is the expected accounts receivable balance to the nearest dollar at the end of the third quarter? Assume that each month has 30 days. Q1 Q2 Q3 Q4 Sales $1,850 $1,625 $1,345 $1,200 Question 4 Answer a. $ 448 b. $ 897 c. $ 1,532 d. $ 673 e. $1,485
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GlobalTech Corp. projects first quarter sales of $800. Their current accounts receivable balance is $500. If their average collection period is 60 days, calculate the expected accounts receivable balance at the beginning of the second quarter.