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

question 170

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 for cash sales) in the month of February?

• A) $129,600
• B) $62,400
• C) $133,600
• D) $91,200

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Definitions:

Sensory Input

The process by which sensory organs receive stimuli and transmit this information to the brain.

Thalamus

A brain structure that acts as a relay center, directing sensory signals to the appropriate areas of the brain cortex.

Frontal Lobes

The part of the brain located at the front of each cerebral hemisphere, responsible for voluntary movements, reasoning, planning, problem-solving, and aspects of personality and emotional control.

Frontal Lobes

The part of the brain located at the front of each cerebral hemisphere, associated with complex cognitive functions.