Figure 15-4
Budgeted Sales for the Second Quarter of the Current

question 60

Multiple Choice

Figure 15-4
Budgeted sales for the second quarter of the current year are as follows: $\begin{array}{lc} & \text { Budgeted Sales } \\\text { Apri1 } & £ 150,000 \\\text { May } & 200,000 \\\text { June } & 180,000\end{array}$ The company collects 20 per cent in the month of sale, 70 per cent in the first month following the sale, and 10 per cent in the second month following the sale.
-Refer to Figure 15-4. Wemberly's budgeted cash receipts for February are

• A)£220,000.
• B)£209,000.
• C)£194,000.
• D)£143,000.

Recognize the role and impact of technology advancements on customer interaction and operational efficiency.

Understand the concept and calculation of the Internal Rate of Return (IRR) for different projects.

Calculate and interpret the average accounting rate of return (AARR).

Determine the payback period for various investments.

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Definitions:

Training Needs

The specific learning requirements or gaps that training aims to address, improving the skills and knowledge of the workforce.

Incremental Revenue

The additional revenue generated from a new business strategy or activity compared to a base scenario.

Customer Information Software

A type of software designed to manage and analyze data related to customers, often used to support sales, marketing, and customer service activities.

Inbound Calls

Calls received by a company or organization from outside, typically from customers or clients seeking assistance, information, or services.