Diltex Farm Supply Is Located in a Small Town in the Rural

question 39

Multiple Choice

Diltex Farm Supply is located in a small town in the rural west. Data regarding the store's operations follow:

• Sales are budgeted at $220,000 for November, $200,000 for December, and $210,000 for January.
• Collections are expected to be 70% in the month of sale, 27% in the month following the sale, and 3% uncollectible.
• The cost of goods sold is 65% of sales.
• The company desires to have an ending merchandise inventory at the end of each month equal to 50% of the next month's cost of goods sold. Payment for merchandise is made in the month following the purchase.
• Other monthly expenses to be paid in cash are $22,500.
• Monthly depreciation is $19,000.
• Ignore taxes.

-The accounts receivable balance,net of uncollectible accounts,at the end of December would be:

• A)$82,000
• B)$113,400
• C)$60,000
• D)$54,000

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Definitions:

Sublingual Tablet

A medication form designed to be dissolved under the tongue for rapid absorption into the bloodstream.

Nitroglycerin Patch

A transdermal patch that delivers nitroglycerin through the skin, used in the treatment of angina pectoris by dilating blood vessels and reducing heart workload.

Priority Nursing Actions

Actions deemed most important in nursing care, focusing on immediate needs and safety of patients.

Application Site

The location on the body where a medicinal product or treatment is applied.