[The Following Information Applies to the Questions Displayed Below

question 46

Multiple Choice

[The following information applies to the questions displayed below.]
On October 1 of the current year,Molloy Corporation prepared a cash budget for October,November,and December.All of Molloy's sales are made on account.The following information was used in preparing estimated cash collections:
Approximately 60% of all sales are collected in the month of the sale,30% is collected in the following month,and 10% is collected in the month thereafter.
-Budgeted collections from customers in October total:

• A)$39,000.
• B)$27,000.
• C)$31,000.
• D)$110,000.

---

Definitions:

Key People

Individuals who hold critical positions within an organization, whose skills, knowledge, or contributions are essential to its success.

Networking

Engaging with others to share information and build contacts either for professional or social reasons.

Self-Interest

The consideration of one's own advantage or benefit, often driving behavior and decision-making based on personal gains.

Organizational Goals

The objectives that a company aims to achieve, which guide its operations and strategic planning.