A Company Has Forecast Sales in the First Three Months

question 3

Multiple Choice

A company has forecast sales in the first three months of the year as follows (figures in millions) : January, $200; February, $140; March, $100.Fifty percent of sales are usually paid for in the month that they take place, 30 percent in the following month, and the final 20 percent in the month after that.Receivables at the end of December were $100 million.What are the forecasted collections on accounts receivable in March?

• A)$132 million
• B)$100 million
• C)$240 million
• D)$92 million

Interpret the significance of subject matter jurisdiction in federal courts.

Identify the criteria for filing a case based on diversity-of-citizenship.

Differentiate between federal and state court jurisdiction for various legal matters.

Understand the role and classification of chemical messengers within the body, including thromboxanes and autocrine/paracrine messengers.

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Definitions:

Ordering Costs

Expenses incurred in placing and processing orders for goods or services, including costs associated with ordering, receiving, and inspecting items.

Service Level

A measure of the quality of service provided by a vendor or organization, often outlined in service-level agreements specifying performance and availability standards.

ABC Analysis

A method of classifying inventory items into three categories (A, B, and C) based on their value to the company, with A being the most valuable and C being the least.

Procurement Cards

Payment cards issued to employees to make purchases on behalf of their organization, streamlining the purchasing and accounting processes.