25% of Sales Is Collected in Cash at the Time

question 39

Multiple Choice

25% of sales is collected in cash at the time of the sale,50% is collected in the month following the sale,and the remaining 25% is collected in the second month following the sale.Cost of goods sold is 75% of sales.Purchases are made in the month prior to the sale,and payments for purchases are made in the month of the sale.Total other cash expenses are $60,000/month.The company's cash balance as of February 28,2004 will be $40,000.Excess cash will be used to retire short-term borrowing (if any) .Dorian has no short-term borrowing as of February 28,2004.Assume that the interest rate on short-term borrowing is 1% per month.The company must have a minimum cash balance of $25,000 at the beginning of each month.Round all answers to the nearest $100.
-Based on the information in Table 1,what are Dorian Industries' total cash receipts (collections) for April 2004?

• A)$400,000
• B)$300,000
• C)$100,000
• D)($60,000)

Understand the reasons behind the development of new flu vaccines annually.

Grasp the basics of how diseases such as diabetes type 1 affect human physiology and how they're managed.

Differentiate between scientific and non-scientific forms of knowledge.

Comprehend the ecological consequences of human activities on disease transmission.

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Definitions:

Scientific Method

A systematic process for carrying out research and experimentation, involving observation, hypothesis formulation, experimentation, and conclusion.

Taxonomy

Naming and classifying species in a systematic way.

Differentiation

The process by which unspecialized cells become specialized into one of the many cell types that make up an organism.