Figure 15-4
Budgeted Sales for the Second Quarter of the Current

question 60

Multiple Choice

Figure 15-4
Budgeted sales for the second quarter of the current year are as follows: $\begin{array}{lc} & \text { Budgeted Sales } \\\text { Apri1 } & £ 150,000 \\\text { May } & 200,000 \\\text { June } & 180,000\end{array}$ The company collects 20 per cent in the month of sale, 70 per cent in the first month following the sale, and 10 per cent in the second month following the sale.
-Refer to Figure 15-4. Wemberly's budgeted cash receipts for February are

• A)£220,000.
• B)£209,000.
• C)£194,000.
• D)£143,000.

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Definitions:

Vision

A company's long-term aspirations, detailing what it hopes to achieve or accomplish in the future.

Idea

A thought or suggestion as to a possible course of action, concept, or mental impression.

Objective

A specific result that a person or system aims to achieve within a time frame and with available resources.

Goal

A desired result or achievement toward which effort is directed; an aim or end.