Kuzma Foods, Inc. has budgeted sales for June and July at $670,000 and $730,000, respectively. Sales are 85% credit, of which 70% is collected in
Kuzma Foods, Inc. has budgeted sales for June and July at $670,000 and $730,000, respectively. Sales are 85% 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? O A. $620,500 O B. $170,850 O C. $186,150 O D. $219,000
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