Information for Deep Sea Fishing Product's Cash Budget Is as Follows

question 24

Multiple Choice

Information for Deep Sea Fishing Product's cash budget is as follows.
$$\begin{array} { | l | c | c | c | c | } \hline \text { Quarter } & 1 & 2 & 3 & 4 \\\hline \text { Estirrated sales (uritis) } & 100 & 200 & 300 & 200 \\\hline\end{array}$$
Each unit sells for $50 and 80% of sales are on credit. Credit sales are collected as follows: 25% in the quarter of the sale and the balance in the following quarter. How many dollars of 3rd quarter sales will be collected in cash in the 4th quarter?

• A) $15 000
• B) $9 000
• C) $12 000
• D) $11 250

Analyze the impact of time on the interest earned or paid.

Calculate the amount of money needed to invest to earn a specified amount of interest.

Interpret financial scenarios to solve problems related to loans and investments.

Calculate the time required for an investment to reach a specific amount given the interest rate.

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