Wichita industries' sales are 10% cash and 90% on credit. credit sales are collected as follows: 30% in the month of sale, 50% in the next month, and 20% in the following month. on december 31, the accounts receivable balance includes $12,000 from november sales and $42,000 from december sales. assume that total sales for january are budgeted to be $50,000. what are the expected cash receipts for january from the current and past sales?

a. $18,500.
b. $51,500.
c. $51,900.
d. $55,500.
e. $60,500

Which of the following pairs is most similar to each other? a. barter goods and fiat money b. digital money and barter goods c. fiat money and digital money d. commodity money and digital money

Harry is 25 years old with a 1.55 rating factor for his auto insurance. if his annual base premium is $1,012, what is his total premium? $1,568.60 $2,530 $1,582.55 $1,842.25

In early january, burger mania acquired 100% of the common stock of the crispy taco restaurant chain. the purchase price allocation included the following items: $4 million, patent; $3 million, trademark considered to have an indefinite useful life; and $5 million, goodwill. burger mania's policy is to amortize intangible assets with finite useful lives using the straight-line method, no residual value, and a five-year service life. what is the total amount of amortization expense that would appear in burger mania's income statement for the first year ended december 31 related to these items?