Victor is using the Internet to research past charges that have been filed against the pharmaceutical company Pharmacure. Victor is primarily trying to find out about Pharmacure's ________
A) code of ethics
B) corporate vision
C) record of legal compliance
D) mission statement
E) corporate culture
C
Explanation: C) Victor is taking advantage of the resources available to check the legal compliance of the pharmaceutical company he's interested in. He can research actual charges that have been filed against the company and he can find judgments that have been made in lawsuits.
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Gardner Company expects sales for October of $248,000. Experience suggests that 45% of sales are for cash and 55% are on credit. The company collects 50% of its credit sales in the month of sale and 50% in the month following sale. Budgeted Accounts Receivable on September 30 is $67,000. What is the amount of cash expected to be collected in October?
A. $178,600. B. $111,600. C. $246,800. D. $124,000. E. $179,800.
Giant Koala Stores Inc has forecasted sales for July through October in the top row of the table. Forecasted collections from cash and credit sales as well as forecasted payments to suppliers are also shown in the table
Wages, general & administrative expenses are 28% of the current month's sales. Giant Koala starts August with a cash balance of $7.61M. What is the cash balance at the end of September? Sales Forecast and Cash Budget Giant Koala Stores Inc ($000,000) July August September October Sales Forecast $27.000 $27.000 $33.000 $32.500 Cash Sales 15.300 22.950 28.050 27.625 Collections from last Month 4.050 4.050 4.950 Total Cash Inflows 27.000 32.100 32.575 Total Payments to Suppliers 17.940 21.418 Wages, General & Admin Expenses 7.560 7.560 9.240 Total Disbursements 25.500 30.658 Net Cash Flows Beginning cash balance $7.610 Plus: Net Cash Flows Ending cash Balance A) $7.61 million B) $8.61 million C) $9.11 million D) $10.55 million E) $11.62 million