From the Following Data Calculate the Estimated Cash Received from Credit

question 24

Multiple Choice

From the following data calculate the estimated cash received from credit sales during the month of May.Credit sales for March,$25 000; April,$30 000; May,$18 000.
Credit sales are normally settled in the following pattern: 50% in the month of sale,40% in the month following the sale,and 10% in the second month following the sale.

• A) $12 000
• B) $21 000
• C) $9 000
• D) $23 500

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Definitions:

Burden of Proof

The obligation in a legal setting to prove one's assertion or the principle that the party asserting a claim bears the responsibility of proving its truth.

Convincing Evidence

Evidence that is robust and compelling enough to persuade an individual to accept its validity or truth.

Testable Prediction

A statement that can be verified through experimentation or observation, often forming the basis of a scientific hypothesis.

Independent Variables

In experimentation, a variable that is manipulated to determine if it causes a change in another variable.