Frankie's Chocolate Co

question 83

Multiple Choice

Frankie's Chocolate Co.reports the following information from its sales budget: Cash sales are normally 25% of total sales and all credit sales are expected to be collected in the month following the date of sale.The total amount of cash expected to be received from customers in September is:

• A)$30,000.
• B)$78,000.
• C)$108,000.
• D)$120,000.
• E)$130,500.

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Definitions:

Lead Time

The period between the initiation and completion of a production process, or the time it takes for an order to be delivered after it has been placed.

Transit Times

The duration it takes for goods or people to move from one location to another, often a critical factor in logistics and transportation planning.

Supply Chain Management

The handling and oversight of a product's flow from raw material sourcing to production, storage, and delivery to customers.

Customer Orders

Requests by customers to purchase goods or services from a seller.