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paradise, inc. has budgeted sales of $2,480,000 in january, $2,320,000 in february, and $2,880,000 in march. all sales are on credit and accounts are collected 50% in the month of sale and 50% in the month after sale. what amount will paradise report on its budgeted balance sheet for accounts receivable at the end of the quarter? $1,160,000 $2,400,000 $3,840,000 $1,440,000

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At the end of the quarter, the accounts receivable report for paradise's planned balance sheet was 1,440,000. The correct answer is option (d).

What is Sales Budget?

A sales budget is a financial strategy that projects the entire income of a business over a given time frame. To forecast the performance of the firm, it relies on two factors: the quantity of items sold and the price at which they are sold.

A sales budget is the estimated number of units and potential income that a firm expects to sell over a specific period of time. Organizations often measure this on a monthly, quarterly, or annual basis. Companies take into account variables including past sales trends, rival activity, and the present or anticipated economic circumstances when forecasting a sales budget.

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