Dove Corporation Began Its Operations on September 1 of the Current

question 48

Multiple Choice

Dove Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of business are $250,000, $320,000, and $410,000, respectively, for September, October, and November. The company expects to sell 25% of its merchandise for cash. Of sales on account, 70% are expected to be collected in the month of the sale and 30% in the month following the sale.
The cash collections in November are

• A) $317,750
• B) $389,750
• C) $490,000
• D) $410,000

---

Definitions:

Buzz

The excitement and conversations created by consumers around a brand, product, or event, often through word-of-mouth.

Marketspace

A virtual space where companies and customers interact digitally for buying and selling products or services.

Word-Of-Mouth Behavior

The act of consumers sharing their experiences with a product or service with others, the most authentic and powerful form of marketing as it is based on personal experience and trust.

Viral Marketing

A marketing strategy that relies on individuals sharing content with others, leading to exponential exposure and influence.