A Company's Past Experience Indicates That 60% of Its Credit $$\begin{array} { l r } \text { July } & \$ 300,000 \\\text { August } & 180,000 \\\text { September } & 450,000\end{array}$$

question 132

Multiple Choice

A company's past experience indicates that 60% of its credit sales are collected in the month of sale 30% in the next month and 5% in the second month after the sale; the remainder is never collected.Budgeted credit sales were: $$\begin{array} { l r } \text { July } & \$ 300,000 \\\text { August } & 180,000 \\\text { September } & 450,000\end{array}$$ The cash inflow in the month of September is expected to be

• A)$339000.
• B)$256500.
• C)$270000.
• D)$324000.

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Definitions:

Commonwealth Vs. Hunt

A landmark legal case from 1842 in which the Massachusetts Supreme Court ruled that labor unions were not necessarily illegal and that workers could organize strikes to achieve their goals, setting a precedent for labor rights in the United States.

Development Of Unions

The historical growth and establishment of labor unions as organizations that represent workers' interests in various industries.

Railway Labor Act

A U.S. federal law enacted in 1926 that governs labor relations in the railroad and airline industries, aiming to prevent service disruptions and facilitate dispute resolution between employers and employees.

National Labor Legislation

laws enacted by a government to regulate labor relations, worker rights, and union activities within a country.