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han Corp. has the foll January February March April Cash Sales.$70,000 $90,000 $80,000 $70,000 Credit Sales.$400,000 $350,000 $300,000 $320,000 The regular pattern of collection of
han Corp. has the foll January February March April Cash Sales.$70,000 $90,000 $80,000 $70,000 Credit Sales.$400,000 $350,000 $300,000 $320,000 The regular pattern of collection of credit sales is 40% in the month of sale, 50% in the month following sale, and the remainder in the second month following the month of sale. There are no bad debts. The budgeted accounts receivable balance on February 28 would be O $250,000 O $210,000 O $175,000 O $215,000
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