The Sports Store Has a Beginning Receivables Balance on January

question 88

Multiple Choice

The Sports Store has a beginning receivables balance on January 1 of $2,640. Sales for January through April are $3,440, $3,590, $2,690, and $4,720, respectively. The accounts receivable period is 45 days. How much did the store collect in the month of April? Assume a year has 360 days.

• A) $3,515
• B) $3,445
• C) $3,140
• D) $3,690
• E) $3,705

Explain how personal characteristics affect self-perceived happiness and stress management.

Understand the various methods and purposes of business communications.

Identify and apply appropriate organizational methods for verbal and written communication.

Recognize the importance and structure of different business documents.

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Definitions:

Environmental Uncertainty

The degree of unpredictability in an organization’s external environment that can affect its operations.

Change Rate

The speed or degree at which a variable or system undergoes modification or transformation over time.

Adaptability

The ability to adjust effectively to new conditions, changes, or to various types of environments.

Formalization

The extent to which an organization uses rules, procedures, and standards to govern its activities and employee behavior.