A Company's History Indicates That 20% of Its Sales Are

question 206

Multiple Choice

A company's history indicates that 20% of its sales are for cash and the rest are on credit.Collections on credit sales are 20% in the month of the sale,50% in the next month,25% the following month,and 5% is uncollectible.Projected sales for December,January,and February are $60,000,$85,000 and $95,000,respectively.The February expected cash receipts from current and prior credit sales is:

• A)$57,000
• B)$61,200
• C)$66,400
• D)$80,750
• E)$90,250

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Definitions:

Stimuli

External events or occurrences that evoke responses or reactions.

Unconscious Evaluations

Assessments or judgments made without conscious awareness, often influencing preferences, decisions, and behaviors based on implicit biases.

Mere Exposure Effect

The tendency for people to come to like things simply because they see or encounter them repeatedly.

Ingroup Members

People who belong to the same group or category as we do.