Sales for October, November, and December Are Expected to Be

question 37

Essay

Sales for October, November, and December are expected to be £200,000, £180,000, and £220,000, respectively, for Ripken Company. All sales are on account (terms 2/15, net 30 days) and are collected 50 per cent in the month of sale and 50 per cent in the following month. One-half of all sales discounts are taken on the average. Materials are purchased one month before being needed, and all purchases and expenses are paid for as incurred. Activities for the quarter are expected to be: $$\begin{array} { l r r r } & \text { October } & \text { November } & \text { December } \\\text { Materials used } & £ 40,000 & £ 36,000 & £ 44,000 \\\text { Salaries } & 70,000 & 68,000 & 72,000 \\\text { Maintenance and repairs } & 18,000 & 18,000 & 18,000 \\\text { Depreciation } & 36,000 & 36,000 & 36,000 \\\text { Utilities and other } & 14,000 & 14,000 & 14,000 \\\text { Dividends paid } & - 0 - & 10,000 & - 0 - \\\text { Payment on bonds } & 8,000 & 8,000 & 8,000\end{array}$$

Appreciate the role of consciousness in shaping one’s personality according to select psychologists.

Recognize the significance of social relationships over unconscious sexual impulses in personal development.

Learn about the standardization process for psychological tests and its importance.

Comprehend learning through observation and its significance in cognitive learning theory.

---

Definitions:

Society

A structured community of people bound together by similar traditions, institutions, or nationality.

Behaving Ethically

Acting in ways that are considered morally right and fair in personal and professional settings.

Liden's Servant Leader

A leadership approach characterized by focusing on the growth and well-being of communities and the people within them, as studied and expanded upon by Robert C. Liden.

Empowering

Empowering involves giving individuals or groups the authority, confidence, and resources needed to make decisions, take action, and control their own work or lives.