Petal CoReported the Following Information for 2013 -All Sales Are on Credit

question 83

Multiple Choice

Petal Co.reported the following information for 2013: $\begin{array}{llll}&\text { October }&\text {November }&\text {December }\\\text { Budgeted sales } & \$ 930,000 & \$ 870,000 & \$ 1,080,000 \\\end{array}$
-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, 2013 budgeted Accounts Receivable?

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

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