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:

Cognitive

Relating to mental processes such as perception, memory, thought, and problem-solving, crucial for understanding, learning, and decision-making.

Social Referencing

Using another person’s reaction to a situation to form one’s own assessment of it.

Secure Attachment

A stable and healthy emotional bond between an infant and their caretaker, characterized by trust and a sense of safety.

Insecure Attachment

A type of attachment characterized by fear, anxiety, or uncertainty in relationships, resulting from inconsistent caregiver responses.