Use the Information Below to Answer the Following Questions

question 61

Multiple Choice

Use the information below to answer the following questions.
Sales in December were $960,000. Projected sales for the first quarter of 2015 are: Sales are 20% cash and 80% on credit. Debtors pay in the month following the sale.
-Refer to the table above. Calculate total cash collected from sales for the month of March.

• A) $256,000
• B) $1,216,000
• C) $1,280,000
• D) $1,456,000

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Definitions:

Burglary

The unlawful entry into a building or other premises with the intent to commit theft or any other felony.

Fourth Amendment Protections

Constitutional safeguards that protect individuals against unreasonable searches and seizures by the government.

Search Warrant

A court order that authorizes law enforcement agents to search for or seize items specifically described in the warrant.

Highly Regulated Industries

Sectors subject to extensive governmental regulations covering safety, quality, and compliance, such as healthcare, financial services, and energy.