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

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