June Sales Were $40 000 While Projected Sales for July

question 84

Multiple Choice

June sales were $40 000 while projected sales for July and August were $50 000 and $60 000, respectively. Sales are 40% cash and 60% credit. All credit sales are collected in the month following the sale. What are the expected collections for July?

• A)$50 000
• B)$54 000
• C)$36 000
• D)$44 000

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Definitions:

Interviewers

Individuals who conduct interviews, typically to assess job candidates, gather information, or for research purposes, requiring skills in questioning and communication.

Personal Biases

The inclination or prejudice for or against one person or group, especially in a way considered to be unfair.

Line Managers

Individuals in an organization who directly manage other employees and operations while having responsibility for achieving business goals.

Work Sampling

A technique used in time and motion study to analyze the proportion of time spent on different activities, based on random samples of observations.