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Michael Ltd

question 52

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Michael Ltd. has the following sales forecasts for the first three months of 2011: Michael Ltd. has the following sales forecasts for the first three months of 2011:   Sixty-five per cent of sales are collected in the month of the sale and the remainder are collected in the following month.   Minimum cash balance is £20,000. Cash can be borrowed in £1,000 increments from the local bank (assume no interest charges) . How much cash would be collected in March from sales? A)  £32,000 B)  £58,400 C)  £48,000 D)  £34,400 Sixty-five per cent of sales are collected in the month of the sale and the remainder are collected in the following month. Michael Ltd. has the following sales forecasts for the first three months of 2011:   Sixty-five per cent of sales are collected in the month of the sale and the remainder are collected in the following month.   Minimum cash balance is £20,000. Cash can be borrowed in £1,000 increments from the local bank (assume no interest charges) . How much cash would be collected in March from sales? A)  £32,000 B)  £58,400 C)  £48,000 D)  £34,400 Minimum cash balance is £20,000. Cash can be borrowed in £1,000 increments from the local bank (assume no interest charges) . How much cash would be collected in March from sales?

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Definitions:

Internal Organs

Vital parts within the body, such as the heart, lungs, and liver, that perform essential functions required for survival.

Serviceable Associated Habits

Habits that are beneficial or useful in performing daily activities or achieving long-term goals.

Darwin

Refers to Charles Darwin, a naturalist known for his theory of evolution through natural selection, which had a profound impact on the understanding of species development.

Learned Behaviors

Actions or reactions developed as a result of experience or conditioning rather than innate.

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