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

question 1

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 accounts payable for the fiscal year ending 2014.

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

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Definitions:

Assisted Stretching

A form of stretching where another person helps increase the range of movement by adding gentle force to the stretch.

Spinal Column

The structure consisting of a series of vertebrae extending from the skull to the lower back, supporting the body and protecting the spinal cord.

Flexibility Program

A structured set of exercises designed to enhance the flexibility and range of motion of joints and muscles.

Contract-relax Phase

A technique in stretching and physical therapy where a muscle is first contracted, then relaxed to allow it to stretch further.