The LaPann Corporation has obtained the following sales forecast data: JulyAugustSeptemberOctoberCash sales$80,000 $70,000 $50,000$60,000Credit sales$240,000 $220,000 $180,000$200,000The regular pattern of collection of credit sales is 20% in the month of sale, 70% in the month following the month of sale, and the remainder in the second month following the month of sale. There are no bad debts.The budgeted accounts receivable balance on September 30 would be:
A. $126,000
B. $148,000
C. $190,000
D. $166,000
Answer: D
You might also like to view...
The ability to cope, empathize with others, and be self-motivated is called
A. emotional intelligence. B. self-awareness. C. social awareness. D. self-efficacy. E. self-monitoring.
In outsourcing, which of the following internal activities and decision responsibilities cannot be transferred to outside contractors?
A. Activities involving technology B. Activities involving equipment C. Activities involving facilities D. Activities involving people E. Activities involving shareholders
Yashar has received steady pay increases over the years for his solid sales performance. This year, the organization merged with another organization and money has become tight. Yashar doubts there’s any money available for raises. Therefore, he has not been motivated to work as hard. According to expectancy theory, Yashar is unmotivated because ______ is lacking.
A. valence B. instrumentality C. expectancy D. significance
Perception is influenced by three key components. Describe each component and give an example of each from your own experiences.
What will be an ideal response?