Which of the Following Items Would Be Least Useful in Preparing

question 18

Multiple Choice

Which of the following items would be least useful in preparing a schedule of cash receipts?

• A) Expected revenue from cash sales.
• B) Number of units expected to be purchased.
• C) Service charges for credit card sales.
• D) Past accounts receivable collection experience.

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Definitions:

Repetitive

Involves actions or events occurring in a regular and predictable pattern.

Unpredictable

Not able to be predicted or foreseen; capable of happening without any prior indication.

Core Competencies

Core Competencies are the unique strengths and abilities that a company or an individual possesses, providing distinct competitive advantages over opponents or the unique propositions one offers in the marketplace.

Payroll Administration

Payroll administration encompasses the tasks involved in managing the compensation of employees, including calculating wages, withholding taxes, and ensuring compliance with labor laws.