The Kaufusi Company has the following budgeted sales: April May June July Credit sales..................................... $ 32
0,000 $ 300,000 $ 350,000 $ 400,000 Cash sales....................................... $ 70,000 $ 80,000 $ 90,000 $ 70,000 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 irrecoverable receivables. The budgeted accounts receivable balance on May 31 would be: Select one:
A. £210,000
B. £212,000
C. £180,000
D. £282,000
