The Gardner Company expects sales for October of $248,000. Experience suggests that 45% of sales are for cash and 55% are on credit. The company collects 50% of its credit sales in the month of sale and 50% in the month following sale. Budgeted Accounts Receivable on September 30 is $67,000. What is the amount of cash expected to be collected in October?

A) $124,000.
B) $178,600.
C) $179,800.
D) $111,600.
E) $246,800.


E) $246,800.

Business

You might also like to view...

Which of the following is not a measure of variability of a single variable??

A. Range B. ?Covariance C. ?Standard deviation D. ?Interquartile range

Business

A slide error occurs when

a. you copy a debit that should have been a credit; b. the difference is equal to the amount of a specific transaction; c. you add incorrectly; d. debit or credit amounts are moved a digit or two to the left or right when entered; e. the entry is reversed.

Business

________ occurs when a consumer goes into a store to learn about different brands and products and then searches the Internet for the same product sold at a lower price.

A. Automated retailing B. Returning C. Sweethearting D. Direct selling E. Showrooming

Business

Which of the following is the process of raising differences in opinions regardless of the preferred course of action of the decision makers?

A. planned conflict B. task conflict C. process conflict D. relationship conflict

Business