Chadmark Corporation's budgeted monthly sales are $3,000. 40 percent of its customers pay in the same month and take the 2 percent discount. The remaining 60 percent pay in the month following the sale and don't receive a discount. Chadmark's total receipts for a typical month i.?
A. $1,543?
B. ?$2,976
C. ?$3,200
D. ?$1,652
E. ?$2,408
Answer: B
You might also like to view...
"Many of you management trainees do not have formal educations or degrees in accounting or finance. And that is OK," said the corporate trainer. "That's why this training module will cover control by ________, which is most commonly used for the entire enterprise and, in the case of a diversified corporation such as ours, its divisions."
A. liabilities B. expenses C. profit and loss D. financial ratios E. assets
Which type of project termination can occur for a project that is successful and for a project that is unsuccessful?
A) Termination by addition B) Termination by integration C) Termination by extinction D) Termination by starvation
On dissolution, the creditors of the partnership, but not the creditors of the individual partners, can make claims on the partnership's assets
Indicate whether the statement is true or false
NEPA is a federal act that focuses on particular environmental hazards without stating national environmental policy
Indicate whether the statement is true or false