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

question 53

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 February?

• A)$32,000.
• B)$48,000.
• C)$26,000.
• D)$18,000.

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Definitions:

Shear Zones

Regions of the Earth's crust where deformation has occurred due to differential motion, often associated with the movement of tectonic plates.

Foliation

A geological feature that represents repetitive layering in metamorphic rocks caused by the reorientation of minerals under high pressure and temperature.

Lineation

Lineation in geology refers to any linear feature on the surface of a rock or within a rock mass, often created by the flow of the material or the alignment of minerals during deformation.

Sedimentary Rock

Rock formed from the accumulation or deposition of mineral or organic particles, often in layers, hardened over time by pressure and cementation.