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Calculate Judge Company budgeted accounts receivable balance

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Question - Judge Company's budgeted sales for the next five months are given below:

Budgeted Sales

January $129,000

February $267,000

March $364,000

April $173,000

May $247,000

20% of Judge Company's sales are cash sales and the other 80% are sales on account. The sales on account are collected in the pattern:

22% collected in the month of sale

35% collected in the month following sale

27% collected in the second month following sale

11% collected in the third month following sale

5% collected four months after the month of sale

Required - Calculate Judge Company's budgeted accounts receivable balance at May 31.

Reference no: EM132525574

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