Windy City Kite Company has prepared sales forecasts for the first quarter of Year 3 as shown in the top row of the table. Half of Windy City's kite sales are cash and the other half are credit
Windy City collects credit sales the month following the credit sale. How much of the total January collections from customers are from January sales?
Windy City Kite Company
Sales Forecast and Collections Forecast
December January February
Sales Forecast $1,100 $1,000 $2,000
Cash Collections
Collections from Sales last month
Total Cash Inflows
A) $0
B) $500
C) $750
D) $1,000
E) $1,050
B
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An account receivable is a claim against a customer arising from a sale on account
Indicate whether the statement is true or false
Using operant resources effectively address which characteristic of services?
a. Intangibility b. Inseparability c. Variability d. Perishability e. Target audience involvement
The process for capturing lessons learned continues to evolve, but there are still many barriers to effectively capitalizing on lessons learned that have been identified. The following are examples of these barriers EXCEPT
A. Lack of time. B. Lessons learned are being used across different locations. C. Teams get little direction or support after lessons are reported. D. Lessons learned often degenerate into blame sessions. E. The organizational culture doesn't support the effort that it takes to capitalize on lessons learned.
On behalf of Equity Capital, Inc., Flip signs an instrument promising to pay $5,000 in gold to Growth Investments, Inc., on May 15. This instrument is
A. negotiable. B. nonnegotiable, because gold is not a medium of exchange authorized or adopted by a government as currency. C. nonnegotiable, because it does not recite any consideration. D. nonnegotiable, because it is for an amount of $500 or more.