At the End of January, the Unadjusted Trial Balance of Windsor

question 180

Multiple Choice

At the end of January, the unadjusted trial balance of Windsor Limited included the following accounts:
$\begin{array} { | l | r | r | } \hline & \text { Debit } & { \text { Credit } } \\\hline \text { Sales } ( 80 \% \text { represent credit sales) } & & \$ 500,000 \\\hline \text { Accounts Receivable } & \$ 340,000 & \\\hline \text { Allowance for Doubtful Accounts } & & \$ 800 \\\hline\end{array}$

-Refer to the above data. Windsor uses the balance sheet approach in estimating uncollectible accounts expense, and aging the accounts receivable indicates the estimated uncollectible portion to be $7,400. The estimated collectible amount of Windsor's accounts receivable in the January 31 balance sheet is:

• A) $321,400.
• B) $340,000.
• C) $322,600.
• D) $347,400.

---

Definitions:

Psychographic Characteristics

Attributes relating to consumers' lifestyles, interests, attitudes, values, and personality traits, used in market segmentation to understand buying behaviors.

Lifestyles

Patterns of behavior or ways of living that reflect the attitudes, values, and consumption habits of an individual or group.

Disposable Income

The amount of spending money available to households after paying taxes.

Geographic Segmentation

The process of dividing a target market into smaller, geographically based segments to tailor marketing efforts based on regional preferences or needs.