A Company Has Forecast Sales in the First Three Months

question 31

Multiple Choice

A company has forecast sales in the first three months of the year as follows (figures in millions) : January, $60; February, $80; March, $100.Sixty percent of sales are usually paid for in the month that they take place and 40 percent in the following month.Receivables at the end of December were $24 million.What are the forecasted collections on accounts receivable in March?

• A)$88 million
• B)$92 million
• C)$100 million
• D)$140 million

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Definitions:

Verb Agree

The grammatical rule that subjects and verbs must be in agreement in number (singular or plural) and person.

Subject

The main noun or pronoun that performs the verb in a sentence, acting as the focus of the statement.

Ski Packages

Pre-arranged travel plans specifically designed for skiing holidays that often include accommodations, lift tickets, and sometimes transport or ski equipment rentals.

Verb Agree

Describes the grammatical rule where the verb must be conjugated or modified to match the subject in number (singular or plural) and person (first, second, or third person).