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Link Company has budgeted sales for the next five months as follows: Link Company's product sells for $15 per unit. 20% of the company's sales
Link Company has budgeted sales for the next five months as follows: Link Company's product sells for $15 per unit. 20% of the company's sales are cash sales and 80% are sales made on account. The sales on account are collected in the pattern 29% in the month of sale, 31% in the month following sale, 26% is collected in the second month following sale, and 14% is collected in the third month following the month of sale. Calculate Link Company's budgeted accounts receivable at October 31
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