A Firm Has Actual Sales in November of $1,000 and Projected

question 141

Multiple Choice

A firm has actual sales in November of $1,000 and projected sales in December and January of $3,000 and $4,000, respectively. The firm makes 10 percent of its sales for cash, collects 40 percent of its sales one month following the sale, and collects the balance two months following the sale. The firm's total expected cash receipts in January is ________.

• A) $700
• B) $2,100
• C) $1,900
• D) $300

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Definitions:

Sociopolitical Issues

Topics that involve the interplay between society's political structures and the social norms, values, and issues affecting it.

Capitalism

An economic system based on private ownership of the means of production and their operation for profit, characterized by competitive markets, wage labor, and capital accumulation.

Separation Of Work And Life

The distinction and effort to maintain boundaries between one's professional responsibilities and personal life activities to ensure work demands do not encroach on personal time.

Fordist Era

Pertains to the period of industrialization marked by mass production and the assembly line, named after Henry Ford, emphasizing efficiency, standardization, and high wages for workers.