Mapleview Inc

question 46

Multiple Choice

Mapleview Inc. has the following budgeted sales: July $200000 August $300000 and September $250000. 40% of the sales are for cash and 60% are on credit. For the credit sales 50% are collected in the month of sale and 50% the next month. The total expected cash receipts during September are

• A) $280000.
• B) $265000.
• C) $262500.
• D) $250000.

---

Definitions:

Slave Sales

Transactions involving the buying and selling of individuals as property, a central element of the slave system in historical contexts.

Family Units

Social groups consisting of parents and their children, considered as a basic unit in society for educating children and providing emotional and financial support.

Compromise of 1850

A series of congressional laws intended to settle the issues arising from the expansion of slavery into new territories, aiming to ease tensions between the North and South.