Question

In: Accounting

Kuzma​ Foods, Inc. has budgeted sales for June and July at $690,000 and $745,000​, respectively. Sales...

Kuzma​ Foods, Inc. has budgeted sales for June and July at $690,000 and $745,000​, respectively. Sales are 80​% ​credit, of which 70​% is collected in the month of sale and 30​% is collected in the following month. What is the budgeted Accounts Receivable balance on July​ 31?

A. 596,000

B. 223,500

C. 165,600

D. 178,800

Solutions

Expert Solution

Option D] is correct, $ 178,800,

Please comment for any explanation,

Thanks,

ekkarill92 answered 2 hours ago
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