Dolce Co Estimates Its Sales at 180000 Units in the First

question 25

Multiple Choice

Dolce Co. estimates its sales at 180000 units in the first quarter and that sales will increase by 18000 units each quarter over the year. They have and desire a 25% ending inventory of finished goods. Each unit sells for $25. 40% of the sales are for cash. 70% of the credit customers pay within the quarter. The remainder is received in the quarter following sale. Cash collections for the third quarter are budgeted at

• A) $3051000.
• B) $4428000.
• C) $5319000.
• D) $6156000.

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Definitions:

Inconsistency

The quality of being irregular or not staying the same throughout, often leading to unpredictability.

Discipline

a field of study or branch of knowledge but also refers to training people to obey rules or a code of behavior, using punishment to correct disobedience.

Rigidity

The quality of being unable to bend or be forced out of shape; often metaphorically used to describe inflexibility in thoughts, systems, or behaviors.

Permissiveness

A state or characteristic of allowing or accepting behavior that others might restrict or forbid.