Quattro Began Operations in April of This Year

question 72

Multiple Choice

Quattro began operations in April of this year.It makes all sales on account,subject to the following collection pattern: 30% are collected in the month of sale;60% are collected in the first month after sale;and 10% are collected in the second month after sale.If sales for April,May,and June were $60,000,$80,000,and $70,000,respectively,what were the firm's budgeted collections for May?

• A)$21,000.
• B)$60,000.
• C)$69,000.
• D)$75,000.
• E)Some other amount.

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Definitions:

Trait Anger

A personality characteristic that reflects the predisposition of individuals to perceive situations as annoying or frustrating and to react with anger.

Intimate Partner Violence

Any form of abuse, physical, sexual, emotional, or psychological, perpetrated by one partner against another in a close relationship.

Disease Model

A theoretical framework that describes the complex interactions between biological, psychological, and sociocultural factors in causing or sustaining a disease.

Tension-reduction Model

A theory suggesting that alcohol is consumed in an effort to reduce stress and anxiety.