If a Firm Had Credit Sales of $1,550,000 for March

question 52

Multiple Choice

If a firm had credit sales of $1,550,000 for March and collected its sales 30% in the month of sale and 70% in the month following the sale, how much of March sales would be collected in cash in March?

• A)$1,250,000.
• B)$375,000.
• C)$875,000.
• D)$465,000.

---

Definitions:

Resource Inputs

Resources or materials used in the production of goods and services.

Organizational Outputs

The results, products, or services generated by an organization through its operations and activities.

Technology

The application of scientific knowledge for practical purposes, especially in industry, through the creation and use of technical means and their interrelation with life, society, and the environment.

Self-Improvement

refers to the process of seeking to better oneself through activities that improve knowledge, skills, and personal development.