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What is the budgeted accounts receivable balance on july

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Reference no: EM132590414

Question 1: Kuzma Foods, Inc has budgeted sales for June and July at $670,000 and $780,000, respectively. Sales are 90% credit, of which 70% is collected in the month of sale and 30% is collected in the following month. What is the budgeted Accounts Receivable balance on July 31?

A) $234,000
B) $210,600
C) $180,000
D) $702,000

Reference no: EM132590414

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