Stonehaven Co

question 59

Multiple Choice

Stonehaven Co.reported sales on an accrual basis of £109,000.If accounts receivable increased £31,000, and the allowance for doubtful accounts increased £10,000 after a write-off of £3,000, what amount of cash sales does Stonehaven have?

• A)£75,000
• B)£65,000
• C)£85,000.
• D)£91,000.

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Definitions:

Increasing Responsiveness

The process of enhancing a company's ability to respond quickly and effectively to customer demands, market changes, or manufacturing needs.

Implied Uncertainty

The degree of uncertainty inferred from a situation or model, often without explicit quantification.

Strategic Fit

The degree to which an organization is matching its resources and capabilities with the opportunities in the external environment.

Functional Strategies

Specific, smaller-scale plans designed to achieve objectives within a company's individual departments or functions, such as marketing or finance.