Solution-What the budgeted accounts receivable balance at

What the budgeted accounts receivable balance at the end

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Question - Jeanclaude Corporation produces and sells one product. The budgeted selling price per unit is $105. Budgeted unit sales for July, August, September, and October are 7,400, 7,500, 13,800, and 15,300 units, respectively. All sales are on credit. Regarding credit sales, 40% are collected in the month of the sale and 60% in the following month.

Required - What the budgeted accounts receivable balance at the end of August?

A) $525,000

B) $315,000

C) $472,500

Reference no: EM132955312

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What the budgeted accounts receivable balance at the end

Reference no: EM132955312

Reference no: EM132955312

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