Audrey has forecast sales to be $205,000 in February,$270,000 in March,$290,000 in April,and $310,000 in May.The average cost of goods sold is 60% of sales.All sales are made on credit and sales are collected 50% in the month of sale,30% the month following and the remainder two months after the sale.What is the budgeted Accounts Receivable balance on May 31?

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The Answer of Audrey has forecast sales to be $205,000 in February,$270,000 in March,$290,000 in April,and $310,000 in May.The average cost of goods sold is 60% of sales.All sales are made on credit and sales are collected 50% in the month of sale,30% the month following and the remainder two months after the sale.What is the budgeted Accounts Receivable balance on May 31?

Audrey Has Forecast Sales to Be $205,000 in February,$270,000 in March,$290,000