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

question 42

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 accruals for the fiscal year ending 2014.

• A)$890,001
• B)$412,316
• C)$267,319
• D)$350,814

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Definitions:

Expectation

The belief or anticipation about what should happen or what someone should achieve in the future.

Bad News Message

Communication that delivers unfavorable or disappointing information to the recipient.

Direct Format

A straightforward and clear approach in writing or layout that presents the main point or conclusion at the beginning.

Handling Bad News

Techniques or strategies used to communicate unfavorable information in a way that minimizes negative reactions.