Ned's Co Has an Average Collection Period of 45 Days and and an Operating

question 182

Multiple Choice

Ned's Co. has an average collection period of 45 days and an operating cycle of 130 days. It has a policy of keeping at least $10 on hand as a minimum cash balance, and has a beginning cash
Balance for the first quarter of $20. Beginning receivables for the quarter amount to $35. Sales for
The first and second quarters are expected to be $110 and $125, respectively, while purchases
Amount to 80% of the next quarter's forecast sales. The accounts payable period is 90 days.
What are cash disbursements for the first quarter?

• A) $76
• B) $88
• C) $92
• D) $100
• E) $110

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Definitions:

Aphasias

Language disorders caused by damage to the brain that affect speaking, understanding, reading, and writing.

Ablasions

Ablations are areas of biological tissue removal or destruction, often referred to in the context of scientific experiments or medical procedures affecting brain function.

Proximal Stimulus

The physical energy from a stimulus as it directly interacts with sensory receptors.

Marr's Constructivist Approach

Marr's constructivist approach refers to the idea in cognitive science that the brain constructs a representation of the external world based on sensory input, incorporating principles of processing at multiple levels.