Duck-N-Run Has Projected Sales of $280,000 for January, $315,000 for February

question 70

Multiple Choice

Duck-n-Run has projected sales of $280,000 for January, $315,000 for February, and $336,000 for March. The company collects 62 percent of sales in the month of sale, 35 percent in the month after sale, and 3 percent two months after sale. The accounts receivable balance at the end of the previous quarter was $9,600. What is the amount of the February collections?

• A) $293,300
• B) $326,970
• C) $302,900
• D) $301,333
• E) $293,588

---

Definitions:

New Amsterdam

The 17th century Dutch colony that was located at the southern tip of Manhattan Island, which later became New York City upon English acquisition.

New Netherland

A 17th-century colonial province of the Dutch Republic that included parts of present-day New York, New Jersey, Delaware, and Connecticut.

Dutch Reformed Church

A Protestant Christian denomination originating in the Netherlands during the Reformation, known for Calvinist theology and significant presence in North America.

New Amsterdam

The 17th-century Dutch settlement that later became New York City, reflecting the early colonial history of the United States.