Based on the Sales Forecast,the Finance Manager Estimates the Receipt

question 53

Multiple Choice

Based on the sales forecast,the finance manager estimates the receipt of cash based on cash and ________.

• A)credit sales
• B)inventory sales
• C)accounts receivables
• D)net income

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Definitions:

Service Firms

Companies that provide intangible products or services to consumers or other businesses, as opposed to selling physical goods.

Merchandising Firms

Businesses that purchase goods in a finished condition and sell them with little to no processing.

Managerial Accounting Information

Financial data analyzed for internal decision making, focusing on detailed reporting for managers' specific needs.

Stockholders

Individuals or entities that own shares in a corporation, giving them ownership interest.