List several factors that an organization might consider when developing a sales forecast.
What will be an ideal response?
| • | Past sales levels and economic trends for the firm as well as for the industry as a whole |
| • | General conditions in the economy such as growth or decline, recession or boom, etc. |
| • | External forces such as weather or potential strikes |
| • | Political or legal factors such as litigation or new legislation |
| • | Pricing policies of the organization |
| • | Advertising and promotion plans |
| • | Competitors' actions |
| • | Potential for new product lines |
| • | Market research studies |
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Apple Company had terms of net 60 days for customers. The number of days' sales in accounts receivable for Apple was 42 days. Apple is efficient in the collection of its receivables
a. True b. False Indicate whether the statement is true or false
A restraint that is merely ancillary to a contract may be legal if:
A. its purpose is to recover punitive damages. B. its purpose is to restrict trade indefinitely. C. it is designed to protect interests created by the contract. D. it attempts to relieve one party from liability for willful misconduct.
Organic Produce, Inc. has 49,000 shares of common stock outstanding and 6000 shares of preferred stock outstanding. The common stock is $0.08 par value; the preferred stock is 4% noncumulative with a $100.00 par value. On October 15, 2019, the company declares a total dividend payment of $56,000. How much dividend will be paid to the preferred stockholders?
A) $56,000 B) $48,000 C) $24,000 D) $3920
Perceived obsolescence involves continually changing consumer concepts of acceptable styles to encourage more and earlier buying
Indicate whether the statement is true or false