If the Actual A/R at the End of February Was

question 18

Multiple Choice

If the actual A/R at the end of February was $12,000 and projected sales in March are $50,000, where 70% of sales are on credit, 60% of credit sales are collected in the month of the sale, and 40% are collected in the month after the sale, what amount of cash is collected during March?

• A) $36,000
• B) $14,000
• C) $48,000
• D) $35,000

Recognize the significance of continuous improvement and its application in organizations.

Describe the role of technology in improving operation quality and efficiency.

Understand the concept of organisational subcultures and the factors that contribute to their formation.

Identify the benefits of lean production and agile manufacturing in modern business practices.

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Definitions:

Authorization Cards

Documents signed by employees to indicate their wish to be represented by a union, often used in the process of forming a union within a workplace.

Collective Agreement

A written contract negotiated between an employer and a union representing the employees, outlining terms of employment.

Union Shop

Provision of the collective agreement that requires employees to join the union as a condition of their employment.

Compulsory Unionization

A policy or practice requiring all employees in a particular sector or company to become members of a union.