From the Following Data,estimate the Amount of Cash to Be

question 8

Multiple Choice

From the following data,estimate the amount of cash to be collected in July.
It is expected that cash sales in any single month will represent 30 per cent of sales for that month and the remaining cash is to be collected in the following month.

• A)$37 000
• B)$70 000
• C)$33 000
• D)$44 000

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Definitions:

Least-Cost Combination

A production point where the mix of inputs results in the lowest possible cost for a given output level.

Input Prices

The prices of the resources (like labor, materials, and capital) used in the production of goods or services.

User Cost

The cost of using a resource, which includes the opportunity cost of not keeping the asset intact or not using it for an alternative purpose.

Rental Rate

Cost per year of renting one unit of capital.