June Corporation Has the Following Sales Forecasts for the First

question 4

Multiple Choice

June Corporation has the following sales forecasts for the first three months of the current year: 75% of sales are collected in the month of the sale and the remainder is collected in the following month.
What is the cash balance at the end of January, assuming that cash is received only from customers and that $48,000 is paid out during January?

• A) $19,400
• B) $23,800
• C) $20,600
• D) $21,000

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Definitions:

Social Cognitive Theories

A theoretical framework that emphasizes the importance of observational learning, imitation, and modeling in the development of behavior.

Gender-role Development

The process by which individuals learn and acquire the behaviors, attitudes, and values considered appropriate for males or females in their culture.

Later-born Children

Children born after the first child in a family, who may experience different parental expectations, sibling interactions, and developmental opportunities.

First-born Children

The first child born into a family, who may experience specific psychological traits and familial dynamics.