question archive The Millet Corporation's sales budget for the period January to March 20x3 is as follows: January - $360,500 February - $458,500 March - $226,500 The historical cash collection pattern is as follows: 40% collected in the month of sales; 42% collected in the following month; The remainder is collected in the second following month
The Millet Corporation's sales budget for the period January to March 20x3 is as follows: January - $360,500 February - $458,500 March - $226,500 The historical cash collection pattern is as follows: 40% collected in the month of sales; 42% collected in the following month; The remainder is collected in the second following month
Subject:AccountingPrice: Bought3
The Millet Corporation's sales budget for the period January to March 20x3 is as follows: January - $360,500 February - $458,500 March - $226,500 The historical cash collection pattern is as follows: 40% collected in the month of sales; 42% collected in the following month; The remainder is collected in the second following month. What is the budgeted accounts receivable balance at the end of March?
