Use the Information Below to Answer the Following Questions

question 51

Multiple Choice

Use the information below to answer the following questions.
Patiomaster Products manufactures patio furniture. The estimated numbers of sets to be sold in the last three months of 2015 and the first month of 2016 is: Finished goods inventory at the end of September is 2,000 units. Finished goods inventory is set at 20 per cent of next month's sales.
-Which of the following is a use of cash?

• A) taxes paid
• B) depreciation
• C) net increase in shareholders' equity
• D) cash receipts from customers

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Definitions:

Corporate-Level Strategy

Involves decision-making at the highest level of a company, focusing on the overall scope and direction of the organization.

Strategic Planning

The process of defining a business's strategy, directions, and making decisions on allocating its resources to pursue this strategy.

SBUs

Strategic Business Units are individual units within a larger company, focusing on specific markets or products and having their own mission, objectives, and competitors.

Corporate Level

Pertains to high-level strategic decision-making that concerns the entire organization, involving actions such as mergers, acquisitions, and overall growth strategies.