An electric device delivers a current of [tex]$15.0 A$[/tex] for 30 seconds. How many electrons flow through it?
Answer (1)
Cash sales in January are $81,000. - Credit sales in January are $216,000.
Total collections in January are $297,000. - Cash sales, credit sales, and total collections in February and March are $0.
Total collections for the quarter are $\boxed{$297,000}.
Explanation
Analysis of the Problem We are given a partially completed schedule of expected cash collections and need to complete it for the first quarter. We are given the cash sales and credit sales for January. We need to determine the cash and credit sales for February and March to complete the schedule. However, the prompt does not provide enough information to determine the cash and credit sales for February and March. The total collections for January are given as $297,000. The total collections for the quarter are also given as $297,000. This implies that there are no cash collections in February and March. This is highly unusual and likely an error in the problem statement. Without additional information, we cannot complete the schedule accurately.
Completing the Schedule Since the total collections for the quarter are equal to the total collections for January, it implies that the cash and credit sales for February and March are zero. Therefore, we can complete the schedule as follows:
Completed Schedule Schedule of Expected Cash Collections
January
February
March
Quarter
Cash sales
$81,000
$0
$0
$81,000
Credit sales
$216,000
$0
$0
$216,000
Total collections
$297,000
$0
$0
$297,000
Final Answer The completed schedule shows that all cash collections occur in January, and there are no cash collections in February and March. This is based on the information provided in the problem statement.
Examples
Understanding cash flow is crucial for businesses. For example, a store might have high sales in December due to the holidays but lower sales in January. By tracking these cash collections, the store can plan for expenses and investments accordingly. This helps in managing the business's finances effectively and ensuring it has enough cash to operate.
