Kam Department Store Reported the Following Information for 2016 $\begin{array}{lr}&\text { October }&\text { November }&\text { December }\\\text { Budgeted sales }&\$1,240,000&\$1,160,000&\$1,440,000\end{array}$

question 63

Multiple Choice

Kam Department Store reported the following information for 2016: $\begin{array}{lr}&\text { October }&\text { November }&\text { December }\\\text { Budgeted sales }&\$1,240,000&\$1,160,000&\$1,440,000\end{array}$
-All sales are on credit.
-Customer amounts on account are collected 50% in the month of sale and 50% in the following month.
How much cash will Kam receive in November?

• A)$580,000
• B)$1,300,000
• C)$1,200,000
• D)$1,160,000

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Definitions:

Marketing

The process of exploring, creating, and delivering value to meet the needs of a target market in terms of goods, services, or information, often involving the coordination of product development, pricing, promotion, and distribution.

Marketing Plan

A comprehensive document or blueprint that outlines an organization's advertising and marketing efforts for the coming period, detailing strategies for reaching target markets.

Marketing Activities

Tasks and strategies undertaken by companies to promote and sell their products or services, including advertising, sales promotions, and public relations.

Marketing Channel Management

Involves overseeing the process by which goods and services are moved from producer to consumer, including distribution networks and retail outlets.