The Tafoya Company Has Budgeted the Following Sales for the 1^st

question 54

Short Answer

The Tafoya Company has budgeted the following sales for the 1^st quarter of 2008: January $80,000
February $70,000
March $90,000
All sales are made on account. The company expects to collect 40% of sales on account in the month of the sale, 50% in the month following the sale, and the final 10% two months following the sale. Bad debts are immaterial to the budget. The balance in accounts receivable at the end of March will be:
A, $61,000
B) $54,000
C) $71,000
D) $64,000

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Definitions:

Resistance to Change

The act of opposing or struggling against modifications or transformations within an organization or personal life.

Manipulation and Co-optation

Strategies to influence or control others for one's advantage, including integrating individuals into a beneficial system or ideology.

Divide and Conquer

A strategy of solving a problem by breaking it down into smaller, more manageable parts.

Passive-Aggressive Culture

An organizational environment where individuals express negative feelings, resentment, or aggression in indirect and passive ways rather than through direct communication.