The Danser Company Expects to Have Sales of $30,000 in January

question 22

Multiple Choice

The Danser Company expects to have sales of $30,000 in January, $33,000 in February, and $38,000 in March. If 20 percent of sales are for cash, 40 percent are credit sales paid in the month following the sale, and 40 percent are credit sales paid 2 months following the sale, what are the cash receipts from sales in March?

• A) $55,000
• B) $47,400
• C) $38,000
• D) $32,800
• E) $30,000

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Definitions:

Incus

A small anvil-shaped bone in the middle ear that plays a crucial role in transmitting sound vibrations to the inner ear.

Red-green Color Blindness

A common type of color vision deficiency where individuals have difficulty distinguishing between red and green hues.

Occipital Lobe

The region of the brain located at the back of the head, responsible for processing visual information.

Retina

The light-sensitive layer of tissue at the back of the inner eye, responsible for converting light images into neural signals for visual recognition.