If Excel Inc

question 86

Multiple Choice

If Excel Inc. has projected sales of $30,000 in January, $20,000 in February, and $20,000 in March, where 80% of sales are on credit, 20% are collected in the month of sale, and 80% are collected the month after, what are the cash receipts in March?

• A) $20,000
• B) $16,000
• C) $21,400
• D) $10,300

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Definitions:

Atmospheric Layer

A region in the Earth's atmosphere differentiated by characteristics such as temperature and composition, including the troposphere, stratosphere, mesosphere, thermosphere, and exosphere.

Ozone

A molecule composed of three oxygen atoms, significant for its role in absorbing harmful ultraviolet radiation in the Earth's stratosphere.

Smog

A type of air pollution characterized by a mixture of smoke and fog, often resulting from industrial emissions and vehicle exhaust.

Stratospheric Ozone

A layer of ozone molecules located in the Earth's stratosphere that absorbs and protects living organisms from the harmful effects of the sun's ultraviolet radiation.