A Company Is Formulating Its Plans for the Coming Year,including

question 5

Multiple Choice

A company is formulating its plans for the coming year,including the preparation of its cash budget.Historically,the company's sales are 30% cash.The remaining sales are on credit with the following collection pattern: Sales for the first 5 months of the coming year are forecast as follows: For the month of April,the total cash receipts from sales and collections on account would be: (CIA adapted)

• A)$3,729,968.
• B)$3,781,600.
• C)$4,025,200.
• D)$4,408,000.

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Definitions:

Tendons

Fibrous connective tissues that attach muscle to bone, allowing for the transmission of forces to facilitate movement.

Ligaments

Tough, fibrous connective tissues that connect bones to other bones, providing joint stability.

Glia

Non-neuronal cells in the central and peripheral nervous system that provide support, nourishment, and protection for neurons.

Neurons

Specialized cells of the nervous system that transmit signals throughout the body.