Becker Carpets Makes All Sales on Credit with 50% of the Payment

question 32

Short Answer

Becker Carpets makes all sales on credit with 50% of the payment received in the month of sale,40% in the month following the sale and the remaining 10% in the subsequent month. Budgeted sales are as follows:
$\begin{array} { l l } \text { January } & \$ 100000 \\ \text { February } & \$ 140000 \\ \text { March } & \$ 120000 \end{array}$
The budgeted receipts from debtors during March are:
a. $\$ 96000$
b. $\$ 116000$
c. $\$ 126000$
d. $\$ 120000$

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Definitions:

Serotonin

A neurotransmitter that plays a key role in regulating mood, appetite, and sleep, among other functions, often associated with feelings of well-being and happiness.

Neurotransmitter

A chemical substance that transmits signals across a synapse from one neuron to another.

Glutamate

An important neurotransmitter in the brain involved in learning and memory.

Melatonin

A hormone produced by the pineal gland that regulates sleep and wakefulness.