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

question 98

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 estimated cash collection in September from September sales.

• A)$100,000
• B)$300,000
• C)$272,000
• D)$200,000

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Definitions:

Competitively Damaging Information

Sensitive data or knowledge that, if disclosed, could negatively affect a company's competitive position in the market.

Supplying Segment Information

This refers to the process of providing financial and operational details specific to identifiable components or segments of a company to users of financial statements.

Segment Information

Financial data reported separately for different areas of a business, allowing for analysis of performance by segment.