The Khaki Corporation Has the Following Budgeted Sales Data

question 134

Multiple Choice

The Khaki Corporation has the following budgeted sales data: The regular pattern of collection of credit sales is 40% in the month of sale, 50% in the month following sale, and the remainder in the second month following the month of sale. There are no bad debts. The budgeted cash receipts for April would be:

• A)$350,000
• B)$320,000
• C)$313,000
• D)$383,000

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Definitions:

Productivity

The measurement of efficiency in which inputs (such as labor and materials) are converted into outputs (goods and services).

Corporate Strategy

The overarching plan of action that determines the direction of an enterprise and its goal of creating, maintaining, and developing a competitive advantage.

HR Strategy

An organizational plan focusing on the management and development of human resources to achieve business objectives.

Organizational Strategy

A high-level plan to achieve one or more goals under conditions of uncertainty.