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Leak Company sells only on credit. It reported the following information for 2009: September October November December Budgeted sales $900,000 $800,000 $850,000 $960,000 Customer amounts
Leak Company sells only on credit. It reported the following information for 2009:
September October November December
Budgeted sales $900,000 $800,000 $850,000 $960,000
Customer amounts on account are collected 45% in the month of sale and 55% in the following month. How much is the November 30, 2009 budgeted Accounts Receivable?
A) $467,500 B) $382,500 C) $827,500 D) $528,000
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