Smith and Johnson Has Expected Sales of $380, $340, $430

question 319

Multiple Choice

Smith and Johnson has expected sales of $380, $340, $430 and $480 for the months of January through April, respectively. The accounts receivable period is 15 days. How much did the firm
Collect in the month of March? Assume that a year has 360 days.

• A) $340
• B) $360
• C) $385
• D) $430
• E) $455

---

Definitions:

Timing Circuit

An electronic circuit designed to produce specific time delays or to trigger events at precise intervals.

Cascading

In the programming of timers and counters, a technique used to extend the timing or counting range beyond what would normally be available. This technique involves the driving of one timer or counter instruction from the output of another, similar instruction.

Timers

Devices or software tools that measure time intervals, commonly used in industrial control systems to control operations and processes over time.

Motor(s) Start(s)

The process of initiating the operation of an electric motor, activating its mechanism to begin rotation or movement.