The Following Sales Budget Has Been Prepared Collections Are 50% in the Month of Sale, 40% in }

question 86

Multiple Choice

The following sales budget has been prepared: $\begin{array}{lrr}\text { Month } & \text { Cash Sales } & \text { Credit Sales } \\\hline \text { September } & \$ 100,000 & \$ 200,000 \\\text { October } & 125,000 & 180,000 \\\text { November } & 130,000 & 210,000 \\\text { December } & 135,000 & 190,000\end{array}$ Collections are 50% in the month of sale, 40% in the month following the sale, and 10% two months following the sale.No uncollectible accounts are anticipated._____ is the expected balance of Accounts Receivable as of December 31.

• A)$190,000
• B)$75,500
• C)$116,000
• D)$210,000

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Definitions:

Industrial Engineering

A branch of engineering focused on optimizing complex processes or systems for improved efficiency and productivity.

Systematic Study

an approach to understanding phenomena through structured, methodical investigation and analysis.

Group Dynamics

The study of the behavioral and psychological processes that occur within a social group or between social groups.

Teamwork

The collaborative effort of a group of people working together to achieve a common goal or complete a task in the most effective and efficient way.