As of January 1 of the Current Year,the Gunner Company

question 112

Multiple Choice

As of January 1 of the current year,the Gunner Company had accounts receivables of $50,000.The sales for January,February,and March were as follows: $120,000,$140,000,and $150,000,respectively.Of each month's sales,20% are for cash.Of the remaining 80% (the credit sales) ,60% are collected in the month of sale,with the remaining 40% collected in the following month.What is the accounts receivable balance as of March 31?

• A) $72,000
• B) $48,000
• C) $58,720
• D) $60,000

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Definitions:

Managerial Concerns

Managerial Concerns are the issues, challenges, or responsibilities faced by managers in the course of executing their duties to achieve organizational goals.

Global Corporation

A business entity that operates in multiple countries, often with a centralized headquarters but decentralized operations.

Autonomous Units

Divisions or segments within an organization that operate independently with their own budgets and decision-making powers.

Home-Country Nationals

Individuals who are citizens of the country where a multinational company originates, as opposed to host-country nationals or third-country nationals.