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Question 4 4.5 pts Towing Company has budgeted sales for the next six months as follows: for Cash n Accoun May June July August September

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Question 4 4.5 pts Towing Company has budgeted sales for the next six months as follows: for Cash n Accoun May June July August September October $42,000 $37,000 $29,000 $48,000 $52,000 $45,000 $257,000 $243,000 $238,000 $269,000 $251,000 $263,000 On average, 32% of the sales on account are collected in the month of sale, 40% are collected in the month following sale, 16% are collected in the second month following sale, 8% are collected in the third month following sale, and the remaining 4% is collected four months after the month of sale. Calculate Towing Company's budgeted accounts receivable at October 31

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