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

question 184

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 30% in the month of the sale,50% in the next month,and 15% the following month.Projected sales for January,February,and March are $60,000,$85,000 and $95,000,respectively.The March expected cash receipts from current and prior credit sales is:

• A)$57,000
• B)$63,080
• C)$64,000
• D)$80,750
• E)$90,250

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Definitions:

Homosexuality

The sexual and emotional attraction to individuals of the same sex.

Genital Anomaly

A congenital condition in which the external sex organs are developed differently than typical male or female genitalia, often requiring medical evaluation and possibly intervention.

Variety and Diversity

The presence of differences and a range of various types within a group, setting, or system, often valued for enhancing richness and creativity.

Sexual Fantasies

Imagined sexual scenarios that arouse the individual, which may or may not be acted upon in real life.