Use the Information Below to Answer the Following Questions Past Records Ind Icate That Expected Receipts Collected from Debtors

question 28

Multiple Choice

Use the information below to answer the following questions. Jackson Bottle Yard, a recycling glass company, has supplied the following information in relation to their actual sales in 2017 and planned sales for the first quarter of 2018 .

$\begin{array} { l l r r r } & & \text { Cash } & \text { Credit } & \text { Total } \\ 2017 \text { Actual Sales for } & \text { November } & 25,000 & 25,000 & 50,000 \\ & \text { December } & 35,000 & 40,000 & 75,000 \\ 2018 \text { Estimated Sales for } & \text { January } & 15,000 & 20,000 & 35,000 \\ & \text { February } & 18,000 & 30,000 & 48,000 \\ & \text { March } & 22,000 & 40,000 & 62,000 \end{array}$

Past records ind icate that expected receipts collected from debtors will be:
60 per cent in the month of sale
40 percent in the month following the sale
-Refer to the table above. What is the projected cash inflow from accounts receivable in January?

• A)$43,000.
• B)$15,000.
• C)$20,000.
• D)$28,000.

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Definitions:

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A concept reflecting the positive impressions and relationships a business or individual leaves behind, enhancing future engagements or reputations.

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An email written in a professional tone, aiming to convey optimistic or affirmative messages within a business context.

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A form of electronic communication typically used for professional or commercial purposes, such as sharing information, conducting transactions, or making inquiries.

Goodwill Ending

The positive and optimistic conclusion of a communication or business correspondence, aimed at leaving a favorable impression.