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Exhibit 9-1 Sporting Inc, is a distributor which sells one product for S100 per unit....

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Accounting

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Exhibit 9-1 Sporting Inc, is a distributor which sells one product for S100 per unit. Sporting pays S60 to buy the product. In addition, fixed costs total $60,000 per month. Sporting wishes to maintain an inventory at the end of each month equal to 30% of the next month's projected sales. Purchases are paid in the month after purchase., Sporting makes all sales on credit and collects 40% in the month of sale and 60%6 in the month after sale. Budgeted monthly sales in units for the first five months of 2021 are as follows: Refer to Exhibit 9-1. What will accounts receivable be at the end of February? Refer to Exhibit 9-1. What will accousts reveivable be as the exd of Fetrang? 5600,000 5405,000 51,500,000 None of the anower choices is corroct. $900,000

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