A Company Reports the Following Information from Its Sales Account

question 125

Multiple Choice

A company reports the following information from its sales account and sales budget: $$\begin{array} { l l r } \text { Sales } & \text { May } & \$ 52,000 \\& \text { Jure } & 47,000 \\\text { Expected } & \text { July } & \$ 45,000 \\\text { Sales: } & & \\& \text { August } & 55,000 \\& \text { September } & 60,000\end{array}$$ Cash sales are normally 30% of total sales and all credit sales are expected to be collected in the month following the date of sale.The total amount of cash expected to be received from customers in September is:

• A)$58,500
• B)$56,500
• C)$60,000
• D)$80,500
• E)$55,000

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Definitions:

Electron Transport Chain

A series of protein complexes embedded in the mitochondrial or cellular membrane that facilitates the transfer of electrons, generating a proton gradient used to produce ATP.

Water

A transparent, tasteless, odorless, and nearly colorless chemical substance that is the main constituent of Earth's streams, lakes, and oceans, and the fluids of most living organisms.

Fermentation

A metabolic process that produces chemical changes in organic substrates through the action of enzymes, leading to the production of energy in the absence of oxygen.

ATP Production

The process by which cells generate adenosine triphosphate (ATP), the main energy currency of the cell, through pathways such as cellular respiration or photosynthesis.