Avery Manufacturing Has the Following Sales Budgets for the Fourth

question 178

Multiple Choice

Avery Manufacturing has the following sales budgets for the fourth quarter.
The accounting manager has analyzed cash collections and determined that credit sales are collected 70% in the month of sale,20% in the month following the sale,and 10% in the 2^nd month following sale.How much cash will Avery collect in December?

• A) $1,154,790
• B) $1,178,080
• C) $898,990
• D) $1,205,600

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Definitions:

4 Ps

A framework in marketing that categorizes the mix of Product, Price, Place (distribution), and Promotion strategies.

Customers Reached

The total number of potential or actual customers who come into contact with a particular marketing message or campaign.

Brand Strategy

A long-term plan to develop a successful brand; it involves how you plan to communicate your brand messages to your target customers.

Target Audience

The specific group of consumers identified as the intended recipients of a product, service, or marketing campaign.