A Firm Has Forecasted Sales of $3,000 in April,$4,500 in May,and

question 17

Multiple Choice

A firm has forecasted sales of $3,000 in April,$4,500 in May,and $6,500 in June.All sales are on credit.30% is collected the month of sale and the remainder the following month.What will be the balance in accounts receivable at the end of June?

• A) $1,950
• B) $6,500
• C) $4,550
• D) $5,100

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Definitions:

Generalize Skills

The ability to apply learned skills or knowledge to new situations or contexts.

Standard Classroom Format

The traditional educational setting where a teacher leads instruction to a group of students, usually organized in rows or groups, focusing on a set curriculum.

Passive Learners

Learners who receive information passively, relying on teachers or instructors to provide knowledge rather than engaging actively in their own learning process.

Modern Technologies

Refers to the advanced technological tools, systems, and devices that are developed and used in contemporary society.