If the Actual A/R at the End of February Was

question 51

Multiple Choice

If the actual A/R at the end of February was $12,000 and projected sales in March are $50,000, where 70% of sales are on credit, 60% of credit sales are collected in the month of the sale, and 40% are collected in the month after the sale, what is the projected A/R balance on the pro forma balance sheet for the end of March?

• A) $14,000
• B) $48,000
• C) $20,000
• D) $35,000

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Market Segments

Divisions within a market that are distinguished by specific characteristics, preferences, or behaviors of consumers leading to distinct marketing strategies.

Cost-effectiveness

An economic measure that compares the relative expenses and outcomes of different courses of action or investments.

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