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Help with a and b (Pro forma accounts receivable balance caleulation) Jimmie's micro brewery is located in downtown Ruston, Loulsiana in a restored section of
Help with a and b (Pro forma accounts receivable balance caleulation) Jimmie's micro brewery is located in downtown Ruston, Loulsiana in a restored section of the old Foid dealership Jimmie selis his beer both to retail customers that visit his brewery and also distnbutes his line of craft beers through M. L. Keith Food Distributors. Jimmio's wholesale distributor purchases his beer on credit which amounts to about 50% of the brewery's total sales. Firm sales were roughly evenly spit between credit and cash salen with 25 percent of the credit sales collected in the month after the sale and the remainder 2 months after the sale. Historical and projected sales for the brewing company are given here: a. Under these circumstances, what should the balance in accounts receivable be at the end of April? b. How much cash did Jimmie's realize duiling April from sales and collections? a. Under these circumstances, what should the batanco in accounts receivable be at the end of Apil? (Round to the nearest doilar] Data table (Click on the following icon D in order to copy its contents into a spreadsheet.)
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