Answer the Following Question(s)using the Information Below

question 110

Multiple Choice

Answer the following question(s) using the information below.
Fiscal Company has the following sales budget for the last six months of 2013:
Historically,the cash collection of sales has been as follows:
65% of sales collected in the month of sale,
25% of sales collected in the month following the sale,
8% of sales collected in the second month following the sale,and
2% of sales are uncollectible.
-What is the ending balance of accounts receivable for September,assuming uncollectible balances are written off during the second month following the sale?

• A)$99,500
• B)$48,500
• C)$44,900
• D)$46,500
• E)$54,500

---

Definitions:

Random Assignment

A method used in experiments where participants are randomly allocated to different groups to ensure that each group is equally representative of the whole.

Quasi-Experiment

A study that aims to evaluate cause and effect relationships, without the use of random assignment.

Independent Variable

An experimental variable that is manipulated by the researcher to investigate its impact on the dependent variable.

Prosocial Behavior

Actions intended to benefit others, including helping, sharing, donating, co-operating, and volunteerism.