Kuzma Foods, Inc. has budgeted sales for June and July at $690,000.00 and $740,000.00, respectively. Sales are 90% credit, of which 70% is collected in the month of sale and 30% is collected in the following month. What is the budgeted Accounts Receivable balance on July 31? O A. $186,300.00 O B. $666.0000.00 OC. $199,800.00 O D. $222,000.00

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A: The correct answer is Option (d).

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A:

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Loanable Funds Theory

The loanable funds theory is a neoclassical theory that determines the interest rate where the demand for loanable investments and supply of loanable funds intersect. To determine the interest rate, this theory employs linear regression and a demand curve. At the equilibrium point, demand for borrowings and demand for the issuance of borrowing funds are inextricably linked. This point of equilibrium should equalize demand and the supply of money available for borrowing.