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Orchard has forecast sales to be $125,000 in February, $144,000 in March $159.000 in April, and $141,000 in May. The average
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Answer #1
Answer
The correct option is B : $49,350
Explanation
Budgeted accounts receivable balance on May 31 would be 35% of May Sales i.e. $ 141,000 * 35% = $ 49,350
Therefore
The correct option is B : $49,350
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