Answer:
$544,500
Explanation:
The Trade Receivable Budget is prepared to determine the Accounts Receivable Balance at the end of February.
However the Sales Budget comes first before the Trade Receivable Budget.
Sales Budget :
Month             January       February         March
Units               7,000         7,500           11,900
Selling Price         $ 121          $ 121            $ 121
Total Sales        $847,000      $907,500       $1,439,900
Trade Receivables Budget :
Month            January       February
Balance b/f          $0         $508,200
Credit Sales       $847,000      $907,500
Receipts - 40 % Â Â ($338,800) Â Â Â Â ($363,000)
Receipts - 60 % Â Â Â Â Â Â $0 Â Â Â Â Â Â Â ($508,200)
Balance c/f       $508,200      $544,500