The Khaki Corporation has the following budgeted sales data: The regular pattern of collection of credit sales is 40% in the month of sale, 50% in the month following sale, and the remainder in the second month following the month of sale.There are no bad debts. The budgeted accounts receivable balance on February 28 would be:

Question

The Khaki Corporation has the following budgeted sales data:  The regular pattern of collection of credit sales is 40% in the month of sale, 50% in the month following sale, and the remainder in the second month following the month of sale.There are no bad debts. The budgeted accounts receivable balance on February 28 would be:

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The Answer of The Khaki Corporation has the following budgeted sales data:  The regular pattern of collection of credit sales is 40% in the month of sale, 50% in the month following sale, and the remainder in the second month following the month of sale.There are no bad debts. The budgeted accounts receivable balance on February 28 would be:

The Khaki Corporation Has the Following Budgeted Sales Data