Michael Corporation Has the Following Sales Forecasts for the First

question 28

Multiple Choice

Michael Corporation has the following sales forecasts for the first three months: $$\begin{array} { l l } \text { Month } & \text { sales } \\\hline \text { January } & \$ 36,000 \\\text { February } & 24,000 \\\text { March } & 40,000\end{array}$$ Sixty-five percent of sales are collected in the month of the sale and the remainder are collected in the following month.
$$\begin{array} { l l } \text { Accaunts recervable balance (January 1) } & \$16,000 \\\text { Cash balance (January 1) } & 12,000 \\\text { Minimun cash balance needed } &20,000\end{array}$$
- What is the cash balance at the end of January,assuming that cash is received only from customers and that $48,000 is paid out during January?

• A)$19,400
• B)$20,600
• C)$21,000
• D)$23,400

Comprehend the purpose and process of assessment centers in employee evaluation.

Understand the role of mentoring in career development and its indication of management support.

Analyze the advantages and disadvantages of internal recruitment strategies and measures for retaining top talent through stages of career development.

Understand the benefits of division of labor and how it enhances efficiency in organizations.