A Company Has Forecast Sales in the First Three Months

question 56

Multiple Choice

A company has forecast sales in the first three months of the year as follows (figures in millions) : January,$90; February,$20; March,$30.70% of sales are usually paid for in the month that they take place and 30% in the following month.Receivables at the end of December were $20 million.What are the forecasted collections on accounts receivable in March?

• A)$27 million
• B)$50 million
• C)$23 million
• D)$35 million

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Definitions:

Bayley Scales

A series of standardized tests used to assess the developmental progress of infants and toddlers.

Behavior-Rating Scale

is a tool used to assess individual behaviors, often utilized in psychological evaluations to measure symptoms, abilities, or developmental progress.

Motor Scale

A tool or measure used to assess motor development and skill progression, often in infants and young children.

Impoverished Environments

Settings that lack the socio-economic resources to provide for the physical, intellectual, and emotional development of individuals.