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:

Carcinogens

Substances or agents that can cause cancer by altering cellular metabolism or damaging DNA directly in cells.

B Lymphocytes

A type of white blood cell of the lymphocyte subtype, which plays a significant role in the immune system by producing antibodies to fight infections.

Bacterial Infections

Diseases caused by harmful bacteria entering the body and multiplying, potentially leading to illness.

Stress Hormones

Biochemical substances, such as cortisol and adrenaline, released into the body in response to stress, affecting various physical and mental functions.