Here Are Some Important Figures from the Budget of Wexter

question 75

Multiple Choice

Here are some important figures from the budget of Wexter Enterprises for the second quarter of 2010: The company predicts that 2 percent of its credit sales will never be collected, 45 percent of its sales will be collected in the month of sale, and the remaining 53 percent will be collected in the following month. Credit purchases will be paid in the month following the purchase. In March 2010, credit sales were $387,000 and credit purchases were $279,500. What is the ending cash balance for April if the beginning cash balance was $97,500?

• A) $87,410
• B) $90,060
• C) $92,800
• D) $94,440
• E) $97,230

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Definitions:

Self-regulation

The ability to monitor and control one's behavior, emotions, or thoughts, adapting to circumstances and aligning with long-term goals.

Self-efficacy

Someone's conviction in their capability to carry out tasks needed to reach specific achievement levels.

Mastering

The process of gaining comprehensive knowledge or skill in a particular subject or activity.

Vicarious Experiences

Learning or feeling an emotion through the experiences of another person, often through stories, media, or observing others.