Benjamin Corporation Began Its Operations on September 1 of the Current

question 105

Multiple Choice

Benjamin Corporation began its operations on September 1 of the current year.Budgeted sales for the first three months of business are $250,000, $300,000, and $420,000, respectively, for September, October, and November.The company expects to sell 20% of its merchandise for cash.Of sales on account, 70% are expected to be collected in the month of the sale, 25% in the month following the sale, and the remainder in the following month. The cash collections from accounts receivable in November are:

• A) $305,200.
• B) $294,000.
• C) $235,200.
• D) $381,500.

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Definitions:

DRH Schedule

Differential Reinforcement of High rates of behavior is a schedule of reinforcement where high rates of a specific behavior are reinforced.

Reinforcement

A process in behaviorism that increases the likelihood of a behavior repeating by applying a stimulus following that behavior.

DRL Schedule

A type of reinforcement schedule where a response is only reinforced if it occurs after a specified amount of time has passed since the last reinforced response.

Reinforcement

In behaviorism, a stimulus or event that follows a behavior and increases the likelihood of that behavior's recurrence.