Assume That Calamar Corp

question 83

Multiple Choice

Assume that Calamar Corp. has sales of $7.5 million and accounts payable of $450,000. The corporation utilizes the percent-of-sales method of financial forecasting. If Calamar is expected to generate sales of $9 million next year, what will the firm's accounts payable be?

• A) $540,000
• B) $450,000
• C) $405,000
• D) None of the above

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Definitions:

Minimum Amount

The smallest quantity or value allowed or required under specific conditions or for a specific operation or transaction.

Dual-voltage Power Supply

A power supply unit that can accommodate two different voltages, allowing it to be compatible with different electrical standards in various countries or with devices requiring different voltages.

KVM Switch

Keyboard, Video, and Mouse switch; a device that allows a user to control multiple computers from a single keyboard, monitor, and mouse setup, thereby saving space and reducing the need for additional peripherals.

Volt Amps

A unit of measurement for electrical power in an AC circuit, reflecting the apparent power used by electrical equipment.