Trivle, Inc forecasts total monthly sales and total monthly purchases for the first three months of 2021 to be as follows: Month Total Monthly Sales January February March $10,000 $14,600 $20,200 Total Monthly Purchases $8,000 $8,000 $10,200 Assuming the following: 75 percent of all sales are on credit and 25 percent call sales are cash sales. Cash sales are collected immediately and for all credit sales, the average collection period (ACP) will be 40 days for this period COGS for Trivle, Inc. will be 60% per month The accounts payable day's period will be 20 days for each of these months. Sales, collections and purchases will be evenly distributed throughout each month (assume 30 days per month). The December 30, 2020 accounts receivable balance was $4,000 The December 30, 2020 accounts payable balance was $1,000. What will Trivle Inc.'s accounts receivable balance be on February 30 (1.e., the last day in February)? Record your answer as a positive dollar amount rounded to 0 decimal places, but do not include or twee months of 2021 to be as follows Month Total Monthly Sales January February March $10,000 $14,000 $19,800 Total Monthly Purchases $8,000 $7,200 $9,600 Assuming the following 75 percent of all sales are on credit and 25 percent of all sales are cash sales. Cash sales are collected immediately and for all credit sales, the average collection period (ACP) will be 40 days for this period. COGS for Trivle, Inc. will be 60% per month. The accounts payable day's period will be 20 days for each of these months. Sales, collections and purchases will be evenly distributed throughout each month (assume 30 days per month). The December 30, 2020 accounts receivable balance was $4,000. The December 30, 2020 accounts payable balance was $1,000. What will Trivle Inc.'s payment for purchases (that is, payment for accounts payable) be in March? Record your answer as a positive dollar amount rounded to 0 decimal places, but do not include Trivle, Inc forecasts total monthly sales and total monthly purchases for the first three months of 2021 to be as follows: Month Total Monthly Sales January February March $10,000 $14,600 $20,200 Total Monthly Purchases $8,000 $8,000 $10,200 Assuming the following: 75 percent of all sales are on credit and 25 percent call sales are cash sales. Cash sales are collected immediately and for all credit sales, the average collection period (ACP) will be 40 days for this period COGS for Trivle, Inc. will be 60% per month The accounts payable day's period will be 20 days for each of these months. Sales, collections and purchases will be evenly distributed throughout each month (assume 30 days per month). The December 30, 2020 accounts receivable balance was $4,000 The December 30, 2020 accounts payable balance was $1,000. What will Trivle Inc.'s accounts receivable balance be on February 30 (1.e., the last day in February)? Record your answer as a positive dollar amount rounded to 0 decimal places, but do not include or twee months of 2021 to be as follows Month Total Monthly Sales January February March $10,000 $14,000 $19,800 Total Monthly Purchases $8,000 $7,200 $9,600 Assuming the following 75 percent of all sales are on credit and 25 percent of all sales are cash sales. Cash sales are collected immediately and for all credit sales, the average collection period (ACP) will be 40 days for this period. COGS for Trivle, Inc. will be 60% per month. The accounts payable day's period will be 20 days for each of these months. Sales, collections and purchases will be evenly distributed throughout each month (assume 30 days per month). The December 30, 2020 accounts receivable balance was $4,000. The December 30, 2020 accounts payable balance was $1,000. What will Trivle Inc.'s payment for purchases (that is, payment for accounts payable) be in March? Record your answer as a positive dollar amount rounded to 0 decimal places, but do not include
