Answer:
At November 30, 2016, budgeted Accounts Receivable is $445,000
Explanation:
In October, Sales: $950,000
Customer amounts on account are collected: 50% x $950,000= $475,000
At 31 October, Accounts Receivable = 50% x $950,000= $475,000
In November, Sales: $890,000
Customer amounts on account are collected = $475,000 + 50% x $890,000 = $920,000
At November 30, 2016 budgeted Accounts Receivable = 50% x $890,000 = $445,000
