Given the Following Information, Determine Taylor Company's Cash Balance

question 89

Multiple Choice

Given the following information, determine Taylor Company's cash balance. Sales = $10,000,000 (all on credit)
Current ratio = 3.0
Current liabilities = $800,000
Average collection period = 36.5 days (Assume 365 days/year)
Quick ratio = 1.50
Current assets = cash + accounts receivable + inventory

• A) $200,000
• B) $1,400,000
• C) $2,400,000
• D) $500,000

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Definitions:

Intrarole Conflict

Occurs when there are incompatible demands within the same role, leading to stress and difficulty in role performance.

Person-Role Conflict

Occurs when there is a discrepancy between the expectations of a role and the personal values, beliefs, or needs of the individual occupying that role.

Differentiation Ambiguity

The uncertainty or confusion arising from the unclear distinction between roles, responsibilities, or identities within an organization or group.

Role Ambiguity

A situation where an individual lacks clear or sufficient information regarding their role, responsibilities, or expectations within a group or organization.