Wiggles Right Forecasted Inventory Purchases of $5,000 in October, $4,000

question 53

Multiple Choice

Wiggles Right forecasted inventory purchases of $5,000 in October, $4,000 in November, and $4,000 in December. All purchases are on credit. 40% is paid in the month of the purchase, and the remainder is paid in the following month. How much cash is paid in November?

• A) $5,400
• B) $4,800
• C) $6,000
• D) $4,600

---

Definitions:

Collective Bargaining Process

The procedure where employers and representatives of employees negotiate labor contracts concerning wages, hours, benefits, and working conditions.

Collective Bargaining Agreements

Legally binding agreements between employers and a group of employees, often negotiated by a union, that specify wages, hours, and other terms and conditions of employment.

Collective Bargaining

The process by which employers and unions negotiate employment terms such as wages, hours, and conditions.

Unfair Labor Practice

Actions by employers or unions that violate workers' rights or union agreements, as defined under labor laws such as the National Labor Relations Act in the U.S.