Petal Co Reported the Following Information for 2016 $\quad\quad\quad\quad\quad\quad\quad\quad\text { October } \quad \text { November }\quad \text { December }$

Petal Co. reported the following information for 2016: $\quad\quad\quad\quad\quad\quad\quad\quad\text { October } \quad \text { November }\quad \text { December }$
$\text { Budgeted sales } \quad \$ 930,000 \quad \$ 870,000 \quad \quad\$ 1,080,000$
All sales are on credit. $\bullet$ 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) $900000
B) $540000
C) $465000
D) $435000

Correct Answer:

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