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All of Porter Corporation's Sales Are on Account

question 46

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All of Porter Corporation's sales are on account. Sixty percent of the credit sales are collected in the month of sale, 25% in the month following sale, and 10% in the second month following sale. The remainder are uncollectible. The following are budgeted sales data for the company: All of Porter Corporation's sales are on account. Sixty percent of the credit sales are collected in the month of sale, 25% in the month following sale, and 10% in the second month following sale. The remainder are uncollectible. The following are budgeted sales data for the company:   Cash receipts in April are expected to be: A) $420,000 B) $545,000 C) $605,000 D) $185,000 Cash receipts in April are expected to be:

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Definitions:

Entitativity

The property of a group that makes it seem like a coherent, distinct and unitary entity.

Social Facilitation

The tendency for individuals to perform differently when in the presence of others than when alone, typically enhancing performance on simple tasks and impairing it on complex tasks.

Audience Effects

Impact of the presence of others on individual task performance.

Competition

Competition is a situation where individuals or groups vie for the same objective, such as a resource or recognition, which may not be sufficient to be shared.

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