For Dubinsky Company,experience Has Shown That Payment for the Credit

question 33

Multiple Choice

For Dubinsky Company,experience has shown that payment for the credit sales is received as follows: 10% in the month of sale,65% in the first month after sale,20% in the second month after sale,and 5% uncollectible.Dubinsky Company has budgeted the following credit sales during the last four months of the year: September,$20,000;October,$24,000;November $22,000;December,$28,000.How much cash can Dubinsky Company expect to collect in November as a result of credit sales?

• A)$17,800
• B)$19,600
• C)$21,800
• D)$22,000

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Definitions:

Steroids

A type of organic compound that plays many roles in the human body, including as hormones and vitamins.

Catastrophizes

Catastrophizes refers to the tendency to overestimate the potential negative outcomes of a situation or event.

Irrational Process

Mental activities beyond logical reasoning, often influenced by emotions or subconscious thoughts.

Activating Event

In cognitive-behavioral therapy, an external situation or internal mental event that triggers a chain of thoughts, emotions, and behaviors.