The Following Forecasted Sales Pertain to Tigers, Inc The Company Has a Selling Price of $10 Per Unit

The following forecasted sales pertain to Tigers, Inc.
$$\begin{array} { l r } \text { Month } & \text { Sales } \\\text { September } & \$ 400,000 \\\text { October } & 500,000 \\\text { November } & 300,000 \\\text { December } & 200,000\end{array}$$
$\begin{array}{llr} \text {Accounts receivable as of August 31 } &\$70,000\\ \text { Finished goods inventory as of August 31 } &8,000\text{units}\\\end{array}$

The company has a selling price of $10 per unit and expects to maintain ending inventories equal to 20 percent of next month’s sales.
-Refer to the figure.How much is accounts receivable as of October 31?

A) $200,000
B) $240,000
C) $420,000
D) $460,000