A Company's History Indicates That 20% of Its Sales Are

question 206

Multiple Choice

A company's history indicates that 20% of its sales are for cash and the rest are on credit.Collections on credit sales are 20% in the month of the sale,50% in the next month,25% the following month,and 5% is uncollectible.Projected sales for December,January,and February are $60,000,$85,000 and $95,000,respectively.The February expected cash receipts from current and prior credit sales is:

• A)$57,000
• B)$61,200
• C)$66,400
• D)$80,750
• E)$90,250

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Definitions:

Apical-Radial Check

A clinical assessment technique where the apical pulse (heart rate heard at the chest) and radial pulse (felt at the wrist) are measured simultaneously to detect pulse deficits.

Peripheral Pulse

A pulse located away from the heart, typically felt over arteries at various points of the body, used to assess circulatory health.

Heart Disease

A broad term for a range of diseases affecting the heart, including coronary artery disease, heart rhythm problems, and heart defects.

Respiratory Rate

The number of breaths taken per minute, a vital sign used to assess a patient's respiratory health.