Kara Ltd Has the Following Sales Forecasts for the Selected Three-Month

question 70

Multiple Choice

Kara Ltd. has the following sales forecasts for the selected three-month period in 2011: Seventy per cent of sales are collected in the month of the sale, and the remainder are collected in the following month. Minimum cash balance is £10,000. Cash can be borrowed in £1,000 increments from the local bank (assume no interest charges) . How much cash would be collected in September from sales?

• A) £15,400
• B) £17,000
• C) £16,000
• D) £20,000

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Definitions:

G. Stanley Hall

An American psychologist and educator who is considered one of the founding figures of child psychology and educational psychology.

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