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mutiple choice (2) As of January 1 of the current year, Grackle Company had accounts receivable of $50,000. The sales for January, February, and March

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As of January 1 of the current year, Grackle Company had accounts receivable of $50,000. The sales for January, February, and March were $120,000, $140,000, and $150,000, respectively. Of each month's sales, 20% are for cash Of the remaining 80% (the credit sales), 60% are collected in the month of sale, with the remaining 40% collected in the following month. The total cash collected (both from accounts receivable and cash sales) in the month of February is a. 591,200 b. $129,600 C. $133,600 d. $62,400 QUESTION 15 Which of the following costs is an example of a cost that remains the same in total as the number of units produced changes?! b. direct labor C units-of-production depreciation on factory equipment d. direct materials

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