The Kafusi Company Has the Following Budgeted Sales The Regular Pattern of Collection of Credit Sales Is 30

Multiple Choice

The Kafusi Company has the following budgeted sales: $\begin{array}{lrr}&\text { April}&\text { May}&\text { June}&\text { July }\\ \text { Credit Sales } &£ 320,000& £ 300,000& £ 350,000 &£ 400,000\\ \text { Cash Sales } &£ 70,000 &£ 80,000& £ 90,000& £ 70,000\\\end{array}$

The regular pattern of collection of credit sales is 30% in the month of sale, 60% in the month following the month of sale, and the remainder in the second month following the month of sale. There are no bad debts.
- The budgeted accounts receivable balance on May 31 would be

A) £210,000
B) £212,000
C) £180,000
D) £242,000