Wichita Industries' sales are 10% cash and 90% on credit. Credit sales are collected as follows: 40% in the month of sale, 50% in the next month, and 10% in the second following month. On December 31, the accounts receivable balance includes $21,000 from November sales and $51,000 from December sales. Assume that total sales for January are budgeted to be $59,000. What are the expected cash receipts for January from the current and past sales?

$57,100

Explanation:

The technique for this question to follow closely the payment cycle

Calculation of January Cash Receipts

Cash Sales ($59,000 x 10%)                               $5,900

Credit Sales in January ($59,000 x 40%)        $23,600

Credit Sales in December  ($51,000 x 50%)   $25,500

Credit Sales in December  ($21,000 x 10%)       $2,100

Total                                                                    $57,100

Conclusion

the expected cash receipts for January from the current and past sales is $57,100

the correct answer would be b, when, queen, calder hall and london.

explanation:

we always capitalize words when a paragraph or sentence is starting, when an important name is used, when a place is being written, or simply when a noun is used, etc. so in this sentence, sentence is starting from 'when', so it will be written in capital letters. secondly, queen is considered to be an important person, so it will also be written in capital letter. next, the name of the town is mentioned, i-e calder hall, which will also be written in capital letters. in the last,   city name is being used, 'london', which will also be written in capital letters. so option b is the most appropriate one.