Mikhail Corporation Has the Following Sales Forecasts for the First

question 165

Multiple Choice

Mikhail Corporation has the following sales forecasts for the first three months of 2014: Sixty-five percent of sales are collected in the month of the sale and the remainder are collected in the following month.
Minimum cash balance is $20,000. Cash can be borrowed in $1,000 increments from the local bank (assume no interest charges) . How much cash would be collected in March from sales?

• A) $32,000
• B) $58,400
• C) $48,000
• D) $34,400

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Definitions:

Millivolts

A unit of electric potential and electromotive force equal to one thousandth of a volt, commonly used in various electrical and physiological measurements.

Neural Impulse

An electric signal that travels along neurons, facilitating communication within the nervous system.

Threshold

The minimum level of stimulus intensity required to produce a response or result.

Excitatory Signals

Nerve impulses that increase the likelihood of a neuron firing, promoting the transmission of signals through the nervous system.