Figure 8-5 the Following Forecasted Sales Pertain to Cordon Corporation

question 112

Multiple Choice

Figure 8-5 The following forecasted sales pertain to Cordon Corporation:
Collection pattern:
65 percent in month of sale
35 percent in month following sale
Cordon Corporation has a selling price of $2.50 per unit and expects to maintain ending inventories equal to 25 percent of the next month's sales.
-
Refer to Figure 8-5.How many dollars are expected to be collected in September?

• A) $7,000
• B) $40,000
• C) $33,000
• D) $21,000

---

Definitions:

Colostrum

The first form of milk produced by mammals immediately following delivery of the newborn, rich in antibodies and nutrition.

Kwashiorkor

A form of severe malnutrition or protein-energy malnutrition characterized by edema, irritability, anorexia, ulcerating dermatoses, and an enlarged liver.

Marasmus

A severe form of malnutrition caused by inadequate intake of protein and calories, characterized by wasting and stunted growth.

SIDS

Sudden Infant Death Syndrome, an unexplained death, usually during sleep, of a seemingly healthy baby less than a year old.