Leaverton's Forecast of Sales Is as Follows: July, $60,000; August

question 102

Multiple Choice

Leaverton's forecast of sales is as follows: July, $60,000; August, $90,000; September, $130,000. Sales are normally 80 percent cash and 20 percent credit in any month. Credit sales are collected in full in the following month. Merchandise cost averages 60 percent of sales price. The company desires an inventory as of September 30 of $52,000. The inventory as of June 30 was $25,000. Total cash receipts for August will be

• A) $72,000.
• B) $66,000.
• C) $98,000.
• D) $84,000.

---

Definitions:

Tensions

involves a state of mental or emotional strain typically resulting from challenging or demanding circumstances.

Team Performance

The effectiveness and efficiency with which a group accomplishes its collective goals, measured by various metrics.

Leaders Lose Power

The phenomenon where leaders experience a reduction in their ability to influence or control outcomes, often due to factors such as resistance, loss of credibility, or organizational changes.

Virtual Teams

Groups of people who work together from different geographical locations, connected by technology such as the internet.