A Company's Past Experience Indicates That 60% of Its Credit $$\begin{array} { l r } \text { April } & \$ 200,000 \\\text { May } & 120,000 \\\text { June } & 300,000\end{array}$$

question 132

Multiple Choice

A company's past experience indicates that 60% of its credit sales are collected in the month of sale, 30% in the next month, and 5% in the second month after the sale; the remainder is never collected. Budgeted credit sales were: $$\begin{array} { l r } \text { April } & \$ 200,000 \\\text { May } & 120,000 \\\text { June } & 300,000\end{array}$$ The cash inflow in the month of June is expected to be

• A) $226,000.
• B) $171,000.
• C) $180,000.
• D) $216,000.

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Definitions:

Gap Junctions

Specialized intercellular connections that allow for the direct transfer of ions and molecules between neighboring cells, facilitating communication and coordination of activity.

Electrical Synapses

A type of synapse in which electrical currents flow directly from one cell to another via gap junctions, facilitating rapid communication.

Presynaptic Terminal

The end part of a nerve cell (neuron) that releases neurotransmitters to send a signal across the synapse to another neuron.

Acetylcholine

A neurotransmitter involved in many functions including muscle activation, heart rate, and the processing of memory and cognition.