A firm has actual sales in November of $1,000 and projected sales in December and January of $3,000 and $4,000, respectively. The firm makes 10 percent of its sales for cash, collects 40 percent of its sales one month following the sale, and collects the balance two months following the sale. The firm's total cash receipts in January is ________.
A) $400
B) $2,100
C) $2,000
D) $3,300
B) $2,100
You might also like to view...
Which of the following is a partial defense against a holder in due course and a complete defense against a non-holder in due course?
A. Lack or failure of consideration B. Illegality that makes a contract voidable C. Alteration of the completed instrument D. Fraud in the inducement of any underlying contract
Any part of the ______ chain can be outsourced, including product design, raw material or component supply, manufacturing or assembly, logistics, distribution, marketing, sales, service, human resources, or other activities.
Fill in the blank(s) with the appropriate word(s).
If Xij = the production of product i in period j, write an expression to indicate that the limit on production of the company's three products in period 2 is 400
What will be an ideal response?
The sale of goods to a buyer who requires as a condition of the sale that the seller buy other goods made in that country, is called:
a. countertrade. b. counterpurchase. c. buy-back. d. barter.