From the Following Data Calculate the Estimated Cash Received from Credit

question 39

Multiple Choice

From the following data calculate the estimated cash received from credit sales for October.
Credit sales for August,$10 000;September,$12 000;October,$15 000
Credit sales are normally settled in the pattern,60% in the month of sale and 40% in the month following the sale.

• A)$15 000
• B)$27 000
• C)$9000
• D)$13 800

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Definitions:

Acromion

An anatomical landmark located on the upper part of the shoulder blade, which extends laterally over the shoulder joint.

Coracoid Process

A small hook-like structure on the shoulder blade that serves as an attachment point for muscles and ligaments.

Medial Malleolus

The bony prominence on the inner side of the ankle, formed by the lower end of the tibia.

Tibia

The larger and stronger of the two bones in the lower leg, commonly referred to as the shinbone.