The Following Are Forecasts of Sales and Purchases for Raleigh

question 96

Essay

The following are forecasts of sales and purchases for Raleigh Company:
$\begin{array}{lll}&Sales~~~~~~~~&Purchases\\\hline\text { April } & \$ 80,000 & \$ 30,000 \\\text { May } & 90,000 & 40,000 \\\text { June } & 85,000 & 30,000\end{array}$ All sales are on credit.Records show that 70 percent of the customers pay the month of the sale,20 percent pay the month after the sale,and the remaining 10 percent pay the second month after the sale.Purchases are all paid the following month at a 2 percent discount.Cash disbursements for operating expenses in June were $5,000.
Required: Prepare a schedule of cash receipts and disbursements for June.

Describe the concepts of manifest and latent functions and their significance in functionalist theory.

Explain the concept of life chances and its effect on individual choices and opportunities.

Define the role and impact of values in society's functioning.

Assess the significance of agency in shaping individual and collective actions within various societal levels.

---

Definitions:

Bulb

A rounded underground storage organ present in some plants, notable for its role in perennial growth and flowering.

Basic Quality

A fundamental characteristic or attribute that defines or greatly influences something's nature or essence.

Umami

One of the five basic tastes, recognized for its savory or meaty flavor profile, often attributed to the presence of glutamates.

Spicy

Characterized by the presence of flavors derived from spices, often resulting in a sensation of heat when consumed.