The Gardner Company Expects Sales for October of $248,000

question 140

Multiple Choice

The Gardner Company expects sales for October of $248,000. Experience suggests that 45% of sales are for cash and 55% are on credit. The company collects 50% of its credit sales in the month of sale and 50% in the month following sale. Budgeted Accounts Receivable on September 30 is $67,000. What is the amount of cash expected to be collected in October?

• A) $246,800.
• B) $124,000.
• C) $179,800.
• D) $178,600.
• E) $111,600.

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Definitions:

Gender Identity

An individual's personal sense of their own gender, whether it be male, female, a blend of both, or neither.

Male Sexual Partners

A term referring to individuals of the male gender with whom a person has had sexual interactions or relationships.

Human Sexual Arousal

The process by which an individual becomes sexually excited, which can involve physiological and psychological responses including an increase in heart rate, blood flow, and genital sensitivity.

Masters And Johnson

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