The Bowden Co has furnished the following information: Forecasted sales for 1st quarter: $700,000 Forecasted sales for 2nd quarter: $500,000 . All sales are credit sales The collection schedule for credit sales is: 75% in the quarter sold; 25% in the next quarter What is the forecasted accounts receivable balance at the end of the second quarter? $550,000 $375,000 $175,000 $525,000 $125,000

The Bowden Co has furnished the following information: - Forecasted sales for 1 st quarter: \\( \\$ 700,000 \\) - Forecasted sales for 2 nd quarter: \\( \\$ 500,000 \\) - All sales are credit sales - The collection schedule for credit sales is: \75 in the quarter sold; \25 in the next quarter What is the forecasted accounts receivable balance at the end of the second quarter? \\( \\$ 550,000 \\) \\( \\$ 375,000 \\) \\( \\$ 175,000 \\) \\( \\$ 525,000 \\) \\( \\$ 125,000 \\)