If Excel Inc

question 20

Multiple Choice

If Excel Inc. has projected sales of $30,000 in January, $20,000 in February, and $20,000 in March; 80% of sales are on credit; 20% are collected in the month of sale and 80% are collected the month after, what are cash receipts in March?

• A) $20,000
• B) $16,200
• C) $21,400
• D) $10,300

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Definitions:

Chinese Immigrants

Individuals from China who relocate to another country, bringing their cultural, social, and economic contributions to their new communities.

Racial Policies

Strategies and regulations implemented by governments or organizations that impact individuals based on their race, affecting equality and social structures.

Economic Integration

The unification of economic policies and practices among different states through the removal of trade barriers, monetary policies standardization, and infrastructure development.

Social Integration

The process by which individuals or groups are incorporated into the social structure and the norms and values of society.