Pardee Company Makes 30% of Its Sales for Cash and 70

question 88

Multiple Choice

Pardee Company makes 30% of its sales for cash and 70% on account.60% of the account sales are collected in the month of sale,25% in the month following sale,and 12% in the second month following sale.The remainder is uncollectible.The following information has been gathered for Pardee's first year of operations: Total cash receipts in Month 3 will be

• A)$52,200.
• B)$53,290.
• C)$50,000.
• D)$51,510.

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Definitions:

Daily Living

Activities and tasks that individuals perform on a regular basis for self-care, including eating, bathing, and dressing.

Functional Ability

The capacity to perform tasks or activities that support the individual’s physical, social, and psychological well-being.

Uses Cane

Refers to the act of using a cane as a walking aid for support, balance, or alleviation of pressure on limbs.

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Individuals who prepare, season, and cook a wide variety of foods, which can include soups, salads, entrees, and desserts.