Spoints Save As Gold Company makes a product that is very popular as a Mother's...
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Spoints Save As Gold Company makes a product that is very popular as a Mother's Day gin. Thus, peak sales occur in May of each year, as shown in the company's sales budget for the second quarter given below April $380.000 May $580,000 June $200.000 Total 51.160.000 Budgeted sales (all on account) From past experience, the company has learned that 30% of a month's sales are collected in the month of sale, another 60% are collected in the month following sales and me remaining 10% are collected in the second month following sale. Bad debts are negligible and can be ignored. February sales toated 5310 000, and Marchased 5340.000 What is the accounts receivable at June 30 O A 5 276,000 OBS 204.000 CS 242 000 OD 5 190.000 64 PM 11/2021 3C . 1
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