Question
Take Test: W7_ HW5(ch20, p2) Principles of Managerial ... Petal Co. reported the following information for 2012: October November December Budgeted sales $620,000 $580,000 $720,000
Petal Co. reported the following information for 2012:
October November December
Budgeted sales $620,000 $580,000 $720,000
- All sales are on credit.
- Customer amounts on account are collected 50% in the month of sale and 50% in the following month.
How much is the November 30, 2012 budgeted Accounts Receivable?
| a. | $360,000 | |
| b. | $310,000 | |
| c. | $290,000 | |
| d. | $600,000 |
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Introduction to Managerial Accounting
Authors: Peter C. Brewer, Ray H. Garrison, Eric Noreen, Suresh Kalagnanam, Ganesh Vaidyanathan
5th Canadian edition
77429494, 1259105709, 1260480798, 978-1259105708
