Zoma Corporation Is Estimating Its Cash Collections for the First

question 20

Essay

Zoma Corporation is estimating its cash collections for the first quarter of next year (January, February and March).The company has provided you with monthly sales along with historical cash collections data.Calculate the total cash received for January, February and March given the following data:
$$\begin{array} { | c | c | c | c | c | c | } \hline & \text { Navember } & \text { December } & \text { January } & \text { February } & \text { March } \\\hline \text { Sales } & \$ 90,000 & \$ 145,000 & \$ 170,000 & \$ 195,000 & \$ 205,000 \\\hline\text { Estimated Collection: }\\\hline 50 \% & \text { In month of sale } & & & \\\hline 30 \% & \text { In month after sale } & & & \\\hline 15 \% & \text { In second month after sale } & & & \\\hline 5 \% & \text { Never collected } & & & \\\hline\end{array}$$

Recognize the problems and solutions associated with password security.

Understand the vulnerabilities associated with the Internet of Things and their implications.

Identify different strategies for managing information security risks.

Recognize the role of external audits in information security.

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Definitions:

Marginal Cost

The expense incurred from the production of an extra unit of a product or service.

Total Product

Total product refers to the total quantity of output produced by a firm or economy during a given period.

Average Product

The total output produced per unit of a resource employed.

Marginal Product

The extra production resulting from the use of one additional unit of a specific input while holding other inputs steady.