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:

Quizplus · Accepted Answer

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