Apple Two Enterprises Expects to Generate Sales of $5,950,000 for Fiscal

question 12

Multiple Choice

Apple Two Enterprises expects to generate sales of $5,950,000 for fiscal 2002;sales were $3,450,000 in fiscal 2001.Assume the following figures for the fiscal year ending 2001: cash $70,000;accounts receivable $250,000;inventory $400,000;net fixed assets $520,000;accounts payable $235,000;and accruals $155,000.Use the percent-of-sales method to forecast accounts payable for the fiscal year ending 2002.

• A)$212,036
• B)$405,290
• C)$619,619
• D)$155,000

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Definitions:

Vocational Assessment

An evaluation process designed to identify individuals' skills, interests, and aptitudes to assist in career planning and placement.

Practicality

When selecting a test, one of the cornerstones of test worthiness is practicality. Practical concerns include time, cost, format, readability, and ease of administration, scoring, and interpretation.

Group Format

A method of presenting or facilitating activities, treatments, or learning in a group setting rather than individually.

Individualized Tests

Tests tailored to assess specific abilities or characteristics of an individual, often used in educational or clinical settings.