Use the Information Below to Answer the Following Questions $$\begin{array} { l l } \text { January } & \$ 1,080,000 \\\text { February } & \$ 1,300,000 \\\text { March } & \$ 1,280,000\end{array}$$

question 34

Multiple Choice

Use the information below to answer the following questions.
Sales in December were $960,000. Projected sales for the first quarter of 2018 are: $$\begin{array} { l l } \text { January } & \$ 1,080,000 \\\text { February } & \$ 1,300,000 \\\text { March } & \$ 1,280,000\end{array}$$ Sales are 20% cash and 80% on credit. Debtors pay in the month following the sale.
-Refer to the table above. Calculate the cash collected from accounts receivable in the month of February.

• A)$1,080,000.
• B)$1,200,000.
• C)$960,000.
• D)$864,000.

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Definitions:

Blood Chemistry

The analysis of chemical components in the blood, such as glucose, cholesterol, and electrolytes, to assess health and diagnose conditions.

Culture

The shared values, beliefs, norms, and practices of a group of people that are passed down from one generation to another.

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Customs or beliefs passed down through generations, often serving as a way for communities to sustain their cultural identity and values.

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A disposition in psychology characterized by the assessment of an entity with an extent of favoritism or dislike.