Use the Information Below to Answer the Following Questions Past Records Ind Icate That Expected Receipts Collected from Debtors

question 28

Multiple Choice

Use the information below to answer the following questions. Jackson Bottle Yard, a recycling glass company, has supplied the following information in relation to their actual sales in 2017 and planned sales for the first quarter of 2018 .

$\begin{array} { l l r r r } & & \text { Cash } & \text { Credit } & \text { Total } \\ 2017 \text { Actual Sales for } & \text { November } & 25,000 & 25,000 & 50,000 \\ & \text { December } & 35,000 & 40,000 & 75,000 \\ 2018 \text { Estimated Sales for } & \text { January } & 15,000 & 20,000 & 35,000 \\ & \text { February } & 18,000 & 30,000 & 48,000 \\ & \text { March } & 22,000 & 40,000 & 62,000 \end{array}$

Past records ind icate that expected receipts collected from debtors will be:
60 per cent in the month of sale
40 percent in the month following the sale
-Refer to the table above. What is the projected cash inflow from accounts receivable in January?

• A)$43,000.
• B)$15,000.
• C)$20,000.
• D)$28,000.

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Definitions:

Menarche

The first menstrual period.

Androgyny

A blend of masculine and feminine characteristics in terms of behavior, dress, and identity.

Gender Typing

The process by which a child becomes aware of their gender and thus behaves accordingly by adopting values and attributes of members of the sex that they identify as their own.

Secondary Sex Characteristics

Physical traits that emerge during puberty which are not directly involved in reproduction, such as breast development in females and facial hair in males.