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

question 28

Multiple Choice

Apple Two Enterprises expects to generate sales of $5,950,000 for fiscal 2014;sales were $3,450,000 in fiscal 2013.Assume the following figures for the fiscal year ending 2013: 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 cash for the fiscal year ending 2014.

• A)$120,725
• B)$75,003
• C)$216,418
• D)$319,604

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Definitions:

Down Syndrome

A genetic disorder caused by the presence of all or part of a third copy of chromosome 21, characterized by physical growth delays and intellectual disability.

Natural Law Position

A theory in ethics and philosophy asserting that moral standards are derived from human nature and the natural world, holding universal applicability.

Fully Functioning

Referring to an individual's ability to operate or perform at their maximum potential in physical, mental, or emotional capacities.

Kant

A reference to Immanuel Kant, an 18th-century German philosopher known for his work in ethics and moral philosophy, emphasizing duty, autonomy, and the categorical imperative.