Use the Information Below to Answer the Following Question(s)

question 86

Multiple Choice

Use the information below to answer the following question(s) .
Blaney Lumber's forecasted sales for April; May; June; and July are $200,000; $230,000; $190,000; and $240,000; respectively. Sales are 60% cash and 40% credit with all accounts receivables collected in the month following the sale. Cost of goods sold is 75% of sales and ending inventory is maintained at $60,000 plus 10% of the following month's cost of goods sold. All inventory purchases are paid 20% in the month of purchase and 80% in the following month.
-What Blaney Lumber's cash collections budgeted for June?

• A) $172,000
• B) $194,400
• C) $206,000
• D) $114,000

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Definitions:

Work Effort

The amount of physical or mental energy expended towards the achievement of a task or goal.

Reward Outcomes

The benefits or compensations received as a result of completing a task or achieving a goal, which can be intrinsic (personal satisfaction) or extrinsic (material incentives).

Goal Setting

The process of identifying specific, measurable, achievable, relevant, and time-bound objectives that guide an individual's or organization's focus and direction.

Supervisor Sets

Supervisor sets refer to the specific guidelines or expectations set by supervisors for their subordinates to follow in an organizational context.