Use the Information for the Question(s)below

question 8

Multiple Choice

Use the information for the question(s) below. Glenside Industries is a domestic machinery manufacturer which specializes in the production of snowblowers.The above figures show the anticipated sales over the next four quarters.Glenside carries inventory equal to 25% of next quarter's sales,has accounts payable of 15% of next quarter's sales,and accounts receivable of 23% of this quarter's sales.
-If its net income is 10% of sales,in which quarter(s) is it expected that Glenside's seasonal working capital needs will be the smallest?

• A)Q1
• B)Q2
• C)Q3
• D)Q4
• E)Q5

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Definitions:

Decision Making

The cognitive process of selecting a course of action from among multiple alternatives, typically resulting in a final choice.

Conditions Of Uncertainty

Situations in which individuals do not have sufficient information about the outcomes of different actions, making decision-making difficult.

Choices

The act of selecting between two or more possibilities.

Changing Representation

The process of how mental models or ways of understanding the world evolve over time or in response to new information.