The Danser Corporation Expects to Generate Sales Equal to $30,000

question 22

Multiple Choice

The Danser Corporation expects to generate sales equal to $30,000 in January, $33,000 in February, and $38,000 in March. Twenty (20) percent of all sales are for cash, 50 percent are credit sales that are paid in the month following the sale, and 30 percent are credit sales that are paid two months following the sale. What are Danser's total cash collections in March?

• A)$35,800
• B)$40,400
• C)$33,667
• D)$33,100
• E)$33,900

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Definitions:

Benefit Concert

A music concert organized with the aim of raising funds for a charitable cause or to support a specific community in need.

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A network of correctional facilities and institutions within the United States designed for the incarceration and rehabilitation of criminals.

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Substances whose production, sale, or use is prohibited by law due to their potential for abuse and harm.

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