(Appendix 10A) Taft Corporation Collects Cash from Customers as Follows $$\begin{array} { l r } \text { May } & \$ 600,000 \\\text { June } & 700,000 \\\text { July } & 500,000 \\\text { August } & 600,000\end{array}$$

question 2

Multiple Choice

(Appendix 10A) Taft Corporation collects cash from customers as follows: 60% in the month of sale, 20% in the month after sale, 19% in the second month after sale, and 1% is never collected. Bad debts are written off annually in December. Budgeted sales are all on credit and amount to: $$\begin{array} { l r } \text { May } & \$ 600,000 \\\text { June } & 700,000 \\\text { July } & 500,000 \\\text { August } & 600,000\end{array}$$ What is the budgeted amount of accounts receivable at the end of August?

• A) $353,000
• B) $340,000
• C) $329,000
• D) $377,000

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Definitions:

Supply Considerations

Factors that affect the availability of goods, services, or labor in the market.

Labour Costs

The total expenses incurred by a company for the compensation of its employees, including wages, benefits, and taxes.

Replacement Charts

Visual or tabular tools used in human resource planning to identify potential internal candidates for succession planning or replacing departing employees.