Kam Department Store Reported the Following Information for 2019 $\quad\quad\quad\quad\quad\quad\quad\quad\text { October\quad\quad November \quad December }$

question 10

Multiple Choice

Kam Department Store reported the following information for 2019:

$\quad\quad\quad\quad\quad\quad\quad\quad\text { October\quad\quad November \quad December }$
$\text { Budgeted Sales } \quad \$ 1,240,000 \quad \$ 1,160,000 \quad \$ 1,440,000$ 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:

Context Of Socialization

The environment or circumstances in which the process of learning societal norms and behaviors takes place.

Collective-individual

Pertains to how individual actions or behaviors are influenced by, or contribute to, the collective group dynamics or outcomes.

Proactive Socialization

The process in which newcomers play an active role in their own socialization through the use of a number of proactive socialization behaviours.

Experienced Members

People within a group or organization who have accrued significant knowledge or expertise through extended participation or involvement.