If the Actual A/R at the End of February Was

question 51

Multiple Choice

If the actual A/R at the end of February was $12,000 and projected sales in March are $50,000, where 70% of sales are on credit, 60% of credit sales are collected in the month of the sale, and 40% are collected in the month after the sale, what is the projected A/R balance on the pro forma balance sheet for the end of March?

• A) $14,000
• B) $48,000
• C) $20,000
• D) $35,000

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Definitions:

B.F. Skinner

B.F. Skinner was an American psychologist and behaviorist known for his work in developing the theory of operant conditioning, emphasizing the effects of reinforcement and punishment on behavior.

Unconditioned Response

A natural, automatic reaction to a stimulus, not learned or based on past experience.

Unconditioned Stimulus

In classical conditioning, this refers to a stimulus that naturally and automatically triggers a response without any prior learning.

Neutral Stimulus

A stimulus that initially produces no specific response other than focusing attention, which can become a conditioned stimulus when used in classical conditioning.