Reference: 20_02
Julia's Candy Co Cash Sales Are Normally 25% of Total Sales and All

question 54

Multiple Choice

Reference: 20_02
Julia's Candy Co. reports the following information from its sales account and sales budget:
$\begin{array}{llr}\text { Sales } & \text { May } & \$ 105,000 \\& \text { June } & 93,000 \\& & \\\text { Expected } & \text { July } & \$ 90,000 \\\text { Sales: } & & \\& \text { August } & 110,000 \\& \text { September } & 120,000\end{array}$
Cash sales are normally 25% of total sales and all credit sales are expected to be collected in the month following the date of sale.
-Based on the information from Julia's,the total amount of cash expected to be received from customers in July is:

• A) $69,750
• B) $90,000
• C) $92,250
• D) $22,500
• E) $115,500

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Definitions:

Statutory Rape

A legal term describing sexual activity with a minor who is below the age of consent, which is determined by law and varies by jurisdiction.

Age Of Victim

The specific age of an individual who has suffered harm or abuse, pertinent in legal and psychological analyses.

Consent

The permission for something to happen or an agreement to do something, especially used in contexts involving sexual activity.