Becker Carpets Makes All Sales on Credit with 50% of the Payment

Short Answer

Becker Carpets makes all sales on credit with 50% of the payment being received in the month of sale,40% in the month following sale and the remaining 10% in the subsequent month. Budgeted sales are as follows
$\begin{array} { l l } \text { January } & \$ 100000 \\ \text { February } & \$ 140000 \\ \text { March } & \$ 120000 \end{array}$
The budgeted balance of debtors at 31 March is:
a. $\$ 14000$
b. $\$ 60000$
c. $\$ 74000$
d. $\$ 120,000$