The Khaki Corporation Has the Following Budgeted Sales Data

Multiple Choice

The Khaki Corporation has the following budgeted sales data: The regular pattern of collection of credit sales is 40% in the month of sale,50% in the month following sale,and the remainder in the second month following the month of sale.There are no bad debts. The budgeted accounts receivable balance on February 28 would be:

A) $250,000
B) $210,000
C) $175,000
D) $215,000