[The Following Information Applies to the Questions Displayed Below

question 88

Multiple Choice

[The following information applies to the questions displayed below.]
On October 1 of the current year,Molloy Corporation prepared a cash budget for October,November,and December.All of Molloy's sales are made on account.The following information was used in preparing estimated cash collections:
Approximately 60% of all sales are collected in the month of the sale,30% is collected in the following month,and 10% is collected in the month thereafter.
-Budgeted collections from customers in December total:

• A)$55,000.
• B)$60,000.
• C)$64,000.
• D)$59,000.

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Definitions:

Puberty

The period of sexual maturation, during which a person becomes capable of reproducing.

Androgyny

A blend of masculine and feminine characteristics in terms of traits, behaviors, or appearance.

Secondary Sex Characteristic

Physical features that emerge during puberty which are not directly involved in reproduction but distinguish the two sexes from each other.

Spermarche

The commencement of sperm production in boys, marking the onset of puberty and reproductive capability.