Browning Inc Credit Sales Are Collected Over a Two-Month Period,with 60 Per

question 54

Multiple Choice

Browning Inc.has projected the following sales information for the fourth quarter of 2009:
$\begin{array}{rr}&\underline{\text { October }} &\underline{ \text { November }}&\underline{ \text { December }}\\\text {Cash sales}&\$19000&\$ 26000 & \$ 32000 \\ \text {Credit sales}&\underline{35000}&\underline{45000} & \underline{ 60000} \\\text { Total sales}&\underline{\$54000}&\underline{\$71000}&\underline{ \$ 92000}\end{array}$
Credit sales are collected over a two-month period,with 60 per cent collected in the month of sale and 40 per cent collected in the month following sale.
Total cash collections for December are:

• A) $86 000
• B) $54 000
• C) $83 600
• D) $68 000

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Definitions:

Official Written Warning

A documented notice given by an employer to an employee to address a violation or performance issue.

Interactional Justice

The perception of fairness in interpersonal interactions, especially in terms of how decisions and information are communicated.

Restorative Justice

A system of criminal justice that focuses on the rehabilitation of offenders through reconciliation with victims and the community at large.

Distributive Justice

An ethical principle concerning the fair and equitable allocation of resources and benefits among all members of a society.