June Corporation Has the Following Sales Forecasts for the First

question 154

Multiple Choice

June Corporation has the following sales forecasts for the first three months of the current year: 75 percent of sales are collected in the month of the sale and the remainder is collected in the following month.
What is the cash balance at the end of January,assuming that cash is received only from customers and that $48,000 is paid out during January?

• A)$19,400
• B)$23,800
• C)$20,600
• D)$21,000

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Definitions:

Aggressive Marketing

A proactive, forceful strategy aimed at increasing sales and market share, often involving intense promotional activities.

Lower Prices

Lower prices refer to a reduction in the cost at which goods and services are sold, often aimed at increasing consumer demand or being competitive in the market.

Complementary Product

A product that adds value to another primary product when used together, encouraging consumers to purchase both.

Operations Manager

A professional responsible for overseeing, designing, and controlling the process of production and redesigning business operations.