You start your business on January 1st. Your sales are forecasted to be $125,000 for January, $140,000 for February, $160,000 in March and $165,000 in April. You expect to collect 60% of your sales in the month of the sale, 25% the following month, 10% two months later and 4% three months later.What total is the balance in your Accounts Receivable at the end of April ?Hint - calculate the amount you HAVE collected by the end of April and go from there.

Same information as before - you start your business on January 1st. Your sales are forecasted to be $125,000 for January, $140,000 for February, $160,000 in March and $165,000 in April. You expect to collect 60% of your sales in the month of the sale, 25% the following month, 10% two months later and 4% three months later.What percent of your sales do you not expect to collect ?

Same information as before - you start your business on January 1st. Your sales are forecasted to be $125,000 for January, $140,000 for February, $160,000 in March and $165,000 in April. You expect to collect 60% of your sales in the month of the sale, 25% the following month, 10% two months later and 4% three months later.What total is the balance in your Allowance for Uncollectible Accounts at the end of April if you have not yet written off any accounts ?