Petal CoReported the Following Information for 2016 $\begin{array}{lr}&\text { October }&\text { November }&\text { December }\\\text { Budgeted sales }&\$930,000&\$870,000&\$1,080,000\end{array}$

question 96

Multiple Choice

Petal Co.reported the following information for 2016: $\begin{array}{lr}&\text { October }&\text { November }&\text { December }\\\text { Budgeted sales }&\$930,000&\$870,000&\$1,080,000\end{array}$ •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, 2016 budgeted Accounts Receivable?

• A)$900,000
• B)$540,000
• C)$465,000
• D)$435,000

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