Kelita Ltd, Projects Sales for Its First Three Months of Operation

question 37

Multiple Choice

Kelita Ltd, projects sales for its first three months of operation as follows: Inventory on 1^st October is $40,000. Subsequent beginning inventories should be 40% of that month's cost of goods sold. Goods are priced at 140% of their cost. 50% of purchases are paid for in the month of purchase; the balance is paid in the following month. It is expected that 50% of credit sales will be collected in the month following sale, 30% in the second month following the sale, and the balance the third month. A 5% discount is given if payment is received in the month following sale.
What are the anticipated cash receipts for November?

• A) $107,500
• B) $105,000
• C) $110,000
• D) $160,000

Comprehend the utilization of personal experiences, education, and social interactions in interpreting media messages.

Recognize the relationship between individuals and broader social contexts through the sociological perspective.

Grasp the concept of agency within individual decisions and social structures.

Identify the factors mediating the relationship between the media industry and media users.

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Definitions:

Economic Thought

A branch of economics that studies the evolution of economic ideas and theories over time.

Keynesians

An economic theory that advocates for active government intervention in the marketplace and monetary policy to manage demand and smooth out cycles of boom and bust.

Monetarists

Economists who believe that variations in the money supply are the main source of economic fluctuations.

Recession

A significant decline in economic activity spread across the economy, lasting more than a few months, typically visible in GDP, real income, employment, industrial production, and wholesale-retail sales.