Hesterman Corporation Makes One Product and Has Provided the Following

question 91

Multiple Choice

Hesterman Corporation makes one product and has provided the following information to help prepare the master budget for the next four months of operations: Credit sales are collected:
40% in the month of the sale
60% in the following month
The ending finished goods inventory should equal 40% of the following month's sales. The ending raw materials inventory should equal 20% of the following month's raw materials production needs.
The expected cash collections for May is closest to:

• A) $920,400
• B) $995,920
• C) $552,240
• D) $443,680

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Definitions:

Memory And Cognition

The mental functions involved in acquiring, storing, retrieving, and using information, including processes such as perception, memory, and reasoning.

Changes In Personality

Alterations in an individual's characteristic patterns of thoughts, feelings, and behaviors over time.

Systematic Desensitization

A therapeutic intervention used to reduce fear or anxiety towards a specific object or situation by gradually exposing the patient to the anxiety-producing stimulus.

Flooding

A psychological therapy technique for treating phobias and other stress disorders where the person is exposed to a vast quantity of their source of fear all at once.