If Excel Inc

question 9

Multiple Choice

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

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

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Definitions:

Independence

The state of being free from external control and constraint, often referring to a nation's sovereignty and the right to self-governance.

Battle of Bunker Hill

An early and significant battle during the American Revolutionary War on June 17, 1775, showcasing the determination and resilience of the American forces.

British Casualties

Individuals from Britain who were killed, wounded, missing, or captured during a conflict or in a military context.

Decisive Victory

A military outcome that conclusively resolves the objective being fought over, leaving the victor clear and undisputable.