Harris Electronics Bills Its Clients on the First of the Month.For

question 55

Multiple Choice

Harris Electronics bills its clients on the first of the month.For example,any sale made in the month of July is billed August 1 and is due September 1.Clients traditionally pay as follows: 50% by the end of the first month (August) ,40% by the end of the second month (September) ,8% by the end of the third month (October) ,and 2% default on their bills.The firm's CEO wants to know the anticipated cash flow for April.Use the following information to estimate April cash flows.

• A)$96,000
• B)$77,600
• C)$84,640
• D)$99,000

---

Definitions:

Projective Tests

Psychological tests that use ambiguous or unstructured stimuli, allowing the person to project their feelings, desires, and needs.

Unconscious Dynamics

The underlying psychological forces, often unconscious, that influence human behavior and relationships.

Ambiguous Stimuli

Objects, images, or situations that can be interpreted in multiple ways due to their lack of clarity or definiteness, often used in psychological experiments to study perception and cognition.

Motives

Internal drives that influence individuals' behavior towards achieving specific goals.