Multiple Choice
Blooming Products Inc.sells flower bulbs to local nurseries.Each bag of bulbs sells for $2.The company's accountant has prepared the following sales forecast (in bags) for the fourth quarter of 2009:
Historically,the cash collection of sales has been as follows: 50 per cent in the month of sale,40 per cent in the month following sale,and 10 per cent in the second month following sale.
Cash receipts for December are expected to be:
A) $13 800
B) $ 8000
C) $16 200
D) $ 8100
Correct Answer:

Verified
Correct Answer:
Verified
Q3: Enloe Manufacturing has prepared a production budget
Q5: If a company has prepared a sales
Q65: Which type(s) of activities are flexible budgets
Q77: Blooming Blossoms Ltd.sells flower seeds to
Q78: In December of 2008,Jones Inc.was formed
Q79: Taylor Inc.sells and installs residential water
Q81: Upton Products Inc.would like to prepare
Q82: Ligon Enterprises has prepared a production budget
Q83: Sallinger Products Inc.makes and sells grill
Q84: Keep-it-Cool Products Inc.manufactures a medium-sized drink