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Determine the amount of accounts receivable

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Reference no: EM131539090

Question: 1. How does budgeting help management coordinate and plan business activities?

2. Treehouse Company anticipates total sales for June and July of $420,000 and $398,000, respectively. Cash sales are normally 60% of total sales. Of the credit sales, 10% are collected in the same month as the sale, 70% are collected during the first month after the sale, and the remaining 20% are collected in the second month. Determine the amount of accounts receivable reported on the company's budgeted balance sheet as of July 31.

Reference no: EM131539090

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