Forever 39 Has Found That 30% of Its Sales Are

question 25

Multiple Choice

Forever 39 has found that 30% of its sales are collected in the month of the sale and the remainder of the sales is collected in the next month.If sales are expected to be $100,000 in April, $120,000 in May, and $80,000 in June, what is the estimated amount of cash receipts for May?

• A)$114,000
• B)$106,000
• C)$92,000
• D)$108,000

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Definitions:

Vroom-Jago Leadership Model

A decision-making framework that helps leaders choose the best leadership style based on the situation, emphasizing the degree of employee participation.

Fiedler Contingency

A leadership theory proposing that effective leadership is dependent on the match between a leader's style of interacting with subordinates and the degree to which the situation gives control and influence to the leader.

Vroom-Jago Leadership

A decision-making model that helps leaders choose the best course of action based on the situation's attributes.

Sequential Decisions

A process in decision-making where each decision is made one after another, often based on the outcomes of previous choices.