The Model Company Is to Begin Operations in April

question 38

Multiple Choice

The Model Company is to begin operations in April.It has budgeted April sales of $30,000,May sales of $34,000,June sales of $40,000,July sales of $42,000,and August sales of $38,000.Note that 10% of each month's sales will represent cash sales;75% of the balance will be collected in the month following the sale,17% the second month,6% the third month,and the balance is bad debts.What is the amount of cash to be collected in the month of August?

• A) $40,106.
• B) $40,340.
• C) $38,036.
• D) $44,140.

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Definitions:

Small Group Communication

This involves interaction among a small number of people who share a common purpose or goal, often characterized by more intimate and detailed communication.

Content Analysis

A research method used for the subjective interpretation of the content of text data through the systematic classification process of coding and identifying themes or patterns.

Unit of Analysis

The main entity that is being analyzed in a study, which can range from individuals to groups or geographic entities.

Filler Words

Insignificant words or phrases often used in speech as a pause or to give the speaker time to think, such as "uh," "like," or "you know."