Benjamin Corporation Began Its Operations on September 1 of the Current

question 51

Multiple Choice

Benjamin Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of business are $250,000, $300,000, and $420,000, respectively, for September, October, and November. The company expects to sell 20% of its merchandise for cash. Of sales on account, 70% are expected to be collected in the month of the sale, 25% in the month following the sale, and the remainder in the following month. Refer to the information provided for Benjamin Corporation. The cash collections from accounts receivable in October are:

• A) $270,000.
• B) $272,500.
• C) $210,000.
• D) $218,000.

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Definitions:

Johari Window

A model that helps people understand their relationship with themselves and others, involving four quadrants representing known, hidden, blind, and unknown aspects of one's self.

Mid-Level Area

A segment or section that is considered neither high nor low within a structured hierarchy or spatial configuration.

Blind Area

refers to information about oneself that others are aware of but the individual is not.

Behavior Modification

A technique for altering human behavior through systematic reinforcement or punishment.