A Toy Store with a Calendar Year-End Is Likely to Have

question 68

Multiple Choice

A toy store with a calendar year-end is likely to have:

• A)unpredictable fluctuations in cash flow from quarter to quarter.
• B)the largest cash inflow from operations in the second and third quarters (April - September).
• C)a fairly stable cash flow across all four quarters.
• D)the largest cash inflow from operations in the fourth and first quarters (October - March).

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Definitions:

Operational Plans

Very short-term plans that specify what actions individuals, work groups, or departments need to accomplish in order to achieve the tactical plan and ultimately the strategic plan.