Leaverton's Forecast of Sales Is as Follows: July, $60,000; August

question 51

Multiple Choice

Leaverton's forecast of sales is as follows: July, $60,000; August, $90,000; September, $130,000. Sales are normally 80 percent cash and 20 percent credit in any month. Credit sales are collected in full in the following month. Merchandise cost averages 60 percent of sales price. The company desires an inventory as of September 30 of $52,000. The inventory as of June 30 was $25,000. The July 31 balance of accounts receivable will be

• A) $12,000.
• B) $48,000.
• C) $18,000.
• D) $0.

---

Definitions:

Reticular Formation

A network of neurons in the brainstem involved in controlling arousal and attention.

Amygdala

A region of the brain within the temporal lobe, involved in emotion processing, decision-making, and memory.

Nerve Network

A complex system of interconnected nerve cells (neurons) that is designed to process and transmit information throughout the body.

Brainstem

The part of the brain connecting the spinal cord to the forebrain and cerebrum, crucial for regulating vital life functions.