Bendigo Resources Makes All Sales on Credit with 40% of the Payment

question 9

Multiple Choice

Bendigo Resources makes all sales on credit with 40% of the payment received in the month of sale, 40% in the month following the sale and the remaining 20% in the subsequent month.
Budgeted sales are as follows:
January $100 000
February $140 000
March $120 000
The budgeted receipts from debtors during March are:

• A) $100 000.
• B) $120 000.
• C) $124 000.
• D) $196 000.

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Definitions:

Evaluating Performance

Involves systematically assessing the work and results of individuals or organizations to determine achievement or progress.

Product Modifications

Changes or improvements made to a product to enhance its performance, appearance, or market appeal.

Target Markets

Specific groups of consumers identified by businesses as the most likely purchasers of their products or services, based on various demographic, geographic, and psychographic factors.

Promotional Campaigns

Coordinated marketing efforts to reinforce or assist with a business goal using one or more social media platforms.