Use the Information Below to Answer the Following Question(s)

question 139

Multiple Choice

Use the information below to answer the following question(s) .Grinnell Manufacturing Company has the following information for 2020:
Budget Expenses per Month
Note: All cash expenses are paid as incurred; Collections from sales are 50% in the month of sale and 50% in the month following the sale; December 2019 sales were $110,000.
-What are the expected total cash receipts for February?

• A)$118,500
• B)$89,000
• C)$88,500
• D)$85,000
• E)$80,500

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Definitions:

Leading Question

A question phrased in a way to suggest the desired answer, often used in cross-examinations to guide a witness's testimony.

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A digital footprint that is left behind by users on digital services and platforms, encompassing all the data and traces generated by their online activities.

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The collective existence of an individual or organization on the internet, including websites, social media, and other online platforms.

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The process of getting a person ready for an interview, ensuring they understand the questions they might face and how best to answer them.