A Firm Has $50 Million and $60 Million Credit Sales

question 49

Multiple Choice

A firm has $50 million and $60 million credit sales during the first two quarters of the year.Eighty% of the receivables are collected in the same quarter and the balance in the next quarter.What will be the total collection for the firm in the second quarter?

• A)$55 million
• B)$58 million
• C)$88 million
• D)$98 million

---

Definitions:

Confidence Interval

A statistical term for the range within which we expect, with a certain level of confidence, that a population parameter lies based on a sample statistic.

Registered Voters

Individuals who are officially registered to vote in elections within a specified jurisdiction.

Candidate A

Candidate A refers to a specific option or individual considered in a decision-making process or election scenario.

Confidence Interval

A range of values, derived from sample statistics, that is likely to contain the value of an unknown population parameter, with a specified level of confidence.