The Following Credit Sales Are Budgeted by Terra Co The Company's Past Experience Indicates That 70% of the Accounts

question 33

Multiple Choice

The following credit sales are budgeted by Terra Co.: $$\begin{array} { l r } \text { January } & \$ 204,000 \\\text { February } & 300,000 \\\text { March } & 420,000 \\\text { April } & 360,000\end{array}$$ The company's past experience indicates that 70% of the accounts receivable are collected in the month of sale, 20% in the month following the sale, and 8% in the second month following the sale.The anticipated cash inflow for the month of April is

• A)$370,320.
• B)$336,000.
• C)$360,000.
• D)$352,800.

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Definitions:

Conditioned Stimulus

A once-neutral trigger that, upon association with an unconditioned stimulus, in time provokes a conditioned response.

Extinction

In psychology, the gradual weakening and disappearance of a conditioned response when the conditioned stimulus is no longer paired with the unconditioned stimulus.

Discrimination

The unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, sex, or disability.

Adaptive Value

The extent to which a trait or behavior increases the odds of survival and reproduction for an organism in its environment.