The uncollected balances schedule is constructed at the end of a quarter by dividing the dollar amount of remaining receivables from each month in that quarter by that month's sales.

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This statement is correct. The uncollected balances schedule is a useful tool for analyzing a company's accounts receivable and the effectiveness of its credit and collection policies. It helps to identify which customers are consistently delaying payment, which months have the highest amount of outstanding receivables, and how much of the company's total sales are at risk of becoming bad debts. By dividing the dollar amount of remaining receivables from each month in the quarter by that month's sales, one can calculate the percentage of sales that remain uncollected and assess the company's credit risk.

The Uncollected Balances Schedule Is Constructed at the End of a Quarter