As of January 1 of the Current Year,the Grackle Company

question 61

Multiple Choice

As of January 1 of the current year,the Grackle Company had accounts receivables of $50,000.The sales for January,February,and March were as follows: $120,000,$140,000,and $150,000,respectively.Of each month's sales,20% are for cash.Of the remaining 80% (the credit sales) ,60% are collected in the month of sale,with the remaining 40% collected in the following month.What is the total cash collected (both from accounts receivable and cash sales) in the month of March?

• A) $74,800
• B) $146,800
• C) $102,000
• D) $116,800

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Definitions:

Cerebral Hemisphere

One of the two halves of the brain, each responsible for different functions, with the left hemisphere typically managing logic and language, and the right hemisphere handling spatial abilities and creativity.

Somatosensory Cortex

A part of the brain that processes sensory input from various parts of the body, including touch, temperature, and pain.

Hippocampus

A region of the brain involved in the formation of new memories and is also associated with learning and emotions.

Lateralization

The tendency for some neural functions or cognitive processes to be more dominant in one hemisphere of the brain than the other.