Zale,Inchas Provided the Following Extracts from Their Budget for the First

question 88

Multiple Choice

Zale,Inc.has provided the following extracts from their budget for the first quarter of the forthcoming year: $$\begin{array} { | l | c | c | c | } \hline & \text { Jan } & \text { Feb } & \text { March } \\\hline \text { Sales (20\% cash) } & \$ 500,000 & \$ 750,000 & \$ 1,000,000 \\\hline\end{array}$$ The company collects 70% of credit sales in the same month and the balance in the next month.Calculate the collections from the customers for the month of February.

• A)$570,000
• B)$540,000
• C)$690,000
• D)$750,000

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Definitions:

Million Years

A unit of time used in geology, paleontology, and astronomy, equivalent to 1,000,000 years, often used to date events or processes on a geological time scale.

Chimpanzees

A species of great apes known for their intelligence and complex social behaviors, closely related to humans and sharing approximately 98% of our genetic DNA.

Closely Related

Closely related refers to entities that share a significant amount of common characteristics or genetic material, often leading to similarities in form, function, or behavior.

Chimpanzees

Highly intelligent primates, closely related to humans, known for their complex social behaviors and use of tools, inhabiting forests and savannas of Africa.