Dove Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of business are $250,000, $320,000, and $410,000, respectively, for September, October, and November. The company expects to sell 20% of its merchandise for cash. Of sales on account, 70% are expected to be collected in the month of the sale, 30% in the month following the sale. The
cash collections in October are:
A) $320,000
B) $243,000
C) $303,200
D) $380,000
C
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Which of the following pairs of functions would you expect might report directly to the vice president of finance?
a. credit department and controller b. shipping department and controller c. accounts receivable department and treasurer d. treasurer and controller
To effectively communicate with a public, it is important to recognize that ________
A) most publics have the same needs B) many publics are most interested in the technology you use C) all publics have their own special needs and require different types of communication D) all publics have overlapping organizational needs
In a foreign currency __________, the contract can be executed or not, depending on whether the market works for or against you.
Fill in the blank(s) with the appropriate word(s).
Identify at least two characteristics of a lean production and just-in-time (JIT) manufacturing environment