Kam Department Store Reported the Following Information for 2022 All Sales Are on Credit

question 8

Multiple Choice

Kam Department Store reported the following information for 2022: $\begin{array} { l } & \text {October }& \text { November}& \text { DECEMBER}\\ \text {Budgeted sales }&\$1,240,000&\$1,160,000&\$1,440,000\\\end{array}$
All sales are on credit.
• Customer amounts on account are collected 50% in the month of sale and 50% in the following month.
How much cash will Kam receive in November?

• A)$580000
• B)$1300000
• C)$1200000
• D)$1160000

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Definitions:

Goal-related Tasks

Actions or activities specifically designed or undertaken to achieve a particular goal or objective.

Competent

Competent describes an individual or entity as being sufficiently skilled, knowledgeable, or capable in a particular area or task.

Job Satisfaction

A measure of how content an individual is with his or her job, encompassing various factors like work environment, compensation, and personal fulfillment.

Personality Factor

A characteristic or trait that contributes to the individual differences in behavior and mental processes.