At the end of October, budgeted accounts receivable is:
A. $20,000.
B. $40,000.
C. $60,000.
D. None of the above is
Answer:B
At the end of October, budgeted accounts receivable is:
A. $20,000. B. $40,000. C. $60,000. D. None of the above is
Explanation: B) October $100,000 × 40% = $40,000