Petal CoReported the Following Information for 2013 -All Sales Are on Credit

question 83

Multiple Choice

Petal Co.reported the following information for 2013: $\begin{array}{llll}&\text { October }&\text {November }&\text {December }\\\text { Budgeted sales } & \$ 930,000 & \$ 870,000 & \$ 1,080,000 \\\end{array}$
-All sales are on credit.
-Customer amounts on account are collected 50% in the month of sale and 50% in the following month.
How much is the November 30, 2013 budgeted Accounts Receivable?

• A)$900,000
• B)$540,000
• C)$465,000
• D)$435,000

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Definitions:

Dilation

The process of expanding or widening in size; in physiology, it often refers to the widening of blood vessels or pupils in response to specific stimuli.

Dark Adaptation

The process by which the eyes become more sensitive to low levels of light after being in brighter light, allowing for better vision in darkness or dimness.

Absolute Thresholds

The minimum intensity of stimulation required to detect a particular sensory input 50% of the time.

Peripheral Vision

The part of vision that occurs outside the very center of gaze, allowing for the detection of stimuli and movement in a wider field around the direct line of sight.