budgeting

D Question 17 Bats Gorman Company reported the following information for 2016: October November December Budgeted sales $620,000 $580,000 $720,000 - All sales are on credit. . Customer amounts on account are collected 50% in the month of sale and 50% in the following month. How much is the November 30, 2016 budgeted Accounts Receivable balance for Gorman? $600,000 $360,000 $310,000 $290,000 D Question 18 8 pts Which one of the following statements is not a benefit of budgeting? It facilitates the coordination of activities. It provides definite objectives for evaluating performance, It provides assurance that the company will achieve its objectives It requires all levels of management to plan ahead on a recurring basis