Here Are Some Important Figures from the Budget of Nashville

question 27

Multiple Choice

Here are some important figures from the budget of Nashville Nougats, Inc., for the second quarter of 2012: The company predicts that 3 percent of its credit sales will never be collected, 36 percent of its sales will be collected in the month of sale, and the remaining 61 percent will be collected in the following month.Credit purchases will be paid in the month following the purchase.
In March 2012, credit sales were $302,400, and credit purchases were $224,640.The April 1 cash balance was $403,200.What is the cash balance at the end of May?

• A)$348,887
• B)$366,846
• C)$414,141
• D)$457,777
• E)$477,374

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Definitions:

Half-Life

A term primarily used in chemistry and physics to describe the time required for a quantity to reduce to half its initial value. This concept is widely applied in nuclear physics to describe the decay rate of radioactive substances.

Radioactive Radium

A naturally occurring radioactive metal that is part of the uranium decay series, used in various medical and industrial applications.

Earthquake Magnitude

A measure of the energy released during an earthquake, usually determined on the Richter scale.

Earthquake Intensity

Refers to a measure of the effects of an earthquake at a specific location, describing how strong the ground motion was at that spot.