The Following Is the Sales Budget for Duck-N-Run,Inc

question 11

Multiple Choice

The following is the sales budget for Duck-n-Run,Inc.,for the first quarter of 2012:


Credit sales are collected as follows:
53 percent in the month of sale
28 percent in the month after the sale
19 percent in the second month after the sale The accounts receivable balance at the end of the previous quarter was $45,000 ($32,000 of which was uncollected December sales.) What is the amount of the January collections?

• A)$112,400.00
• B)$112,408.16
• C)$95,663.83
• D)$122,356.33
• E)$125,400.00

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Definitions:

Modern Birds

Avian species existing today, characterized by features like feathers, beaks without teeth, and lightweight skeletons.

Phylogeny

The branch of biology that deals with the evolutionary development and diversification of a species or group of organisms.

Derived Homologies

Features shared by descendants of a common ancestor that have undergone evolution to serve new functions.

Synapomorphies

Shared derived characteristics or traits that are used to establish evolutionary relationships among species or groups.