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 18

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. What will be the balance of accounts receivable on 1 March?

• A)$1,200,000.
• B)$1,040,000.
• C)$1,280,000.
• D)$864,000.

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Definitions:

Human Lineage

The evolutionary path leading to and including Homo sapiens, marked by significant milestones such as bipedalism and complex tool use.

Leakey's Hypothesis

A theory proposing that the development of bipedalism in human ancestors was driven by ecological changes that favored standing and walking on two legs.

Genus Homo

The taxonomic genus which includes modern humans (Homo sapiens) and closely related species.

Tool Use

The behavior of using objects as tools to perform tasks such as obtaining food, shelter, or for defensive purposes, observed in various animal species.