Connect on Whatsapp : +1 206 673 2541, Uninterrupted Access 24x7, 100% Confidential. Connect Now

What are projected cash collections for the firm?

The Accounts Receivable balance at October 1, 2000, for Skyscraper Architects was Br 606,900. Of that balance, Br 450,000 represents remaining Accounts Receivable from September billings. The normal collection pattern for the firm is 20 percent of billings in the month of service, 55 percent in the month after service, and 22 percent in the second month following service. The remaining billings are uncollectible. October billings are expected to be Br 700,000.A. What were August billings for Skyscraper Architects? (3pts)B. What amount of September billings is expected to be uncollectible? (3pts)C. What are projected cash collections in October 2000 for the firm? (4 pts)


Looking for help with your homework?
Grab a 30% Discount and Get your paper done!

30% OFF
Turnitin Report
Title Page
Place an Order

Calculate your paper price
Pages (550 words)
Approximate price: -