Crocetti Corporation makes one product and has provided the following information to help prepare the master budget for the next four months of operations: Credit sales are collected: 40%
in the month of the sale
60% in the following month
The budgeted accounts receivable balance at the end of February is closest to:

Question

Crocetti Corporation makes one product and has provided the following information to help prepare the master budget for the next four months of operations:  Credit sales are collected: 40% 
in the month of the sale
60% in the following month
The budgeted accounts receivable balance at the end of February is closest to:

Quizplus · Accepted Answer

The budgeted accounts receivable balance at the end of February is: 11ea7998_5d6b_b147_911b_097885a48928_TB2627_00_TB2627_00

Crocetti Corporation Makes One Product and Has Provided the Following