Maxim Fasteners Distributes Giant Binder Clips That Sell for $3

question 53

Multiple Choice

Maxim Fasteners distributes giant binder clips that sell for $3 each. Maxim pays $1.20 each to buy the clips. The company has $4,000 per month in fixed costs. Policies and other information follow:
.Inventory is maintained at the end of each month equal to 10% of the next month's projected sales in units.
.Purchases are paid 40% in the month acquired and the balance in the month after.
.All sales are on credit, and 30% are collect in the month of sale and 70% in the month after sale.
.Budgeted monthly sales in units for the first five months of 2014 are as follows:

$\begin{array}{ll}\text { January } & 6,000 \text { units } \\\text { February } & 5,000 \text { units } \\\text { March } & 7,000 \text { units } \\\text { April } & 9,000 \text { units } \\\text { May } & 8,000 \text { units }\end{array}$
Variable selling and administrative costs are $0.50 per clip and are paid in the month of incurred.
How much are budgeted cash collections during April?

• A) $8,100
• B) $22,800
• C) $25,200
• D) $27,000

Understand the importance of a continuum between normality and abnormality in psychological disorders.

Identify the implications of social stigma and discrimination associated with mental illness.

Comprehend the characteristics and differentiation between various mood and anxiety disorders.

Appreciate the relevance of epidemiology in the study of psychological disorders.

---

Definitions:

Final Manifestations

The last or ultimate display of characteristics or symptoms of a condition or the culmination of a process.

ADHD

Attention Deficit Hyperactivity Disorder, a neurodevelopmental disorder characterized by inattention, hyperactivity, and impulsivity, affecting both children and adults.

Third-grade Level

A reference to the academic and developmental stage typically associated with students in the third grade, often around 8-9 years old.

SES

Socioeconomic status reflects the economic and social ranking of a person or family compared to others, which is determined by their income, level of education, and job.