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Kuzma Foods, Inc. has budgeted sales for June and July at $690,000 and $745,000, respectively. Sales are 80% credit, of which 70% is collected in
Kuzma Foods, Inc. has budgeted sales for June and July at $690,000 and $745,000, respectively. Sales are 80% 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. 596,000
B. 223,500
C. 165,600
D. 178,800
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