The Khaki Company Has the Following Budgeted Sales Data The Regular Pattern of Collection of Credit Sales Is 40

question 9

Multiple Choice

The Khaki Company has the following budgeted sales data: $\begin{array}{lrr}&\text { January}&\text { February}&\text { March }&\text {April }\\ \text {Credit Sales } &£ 400,000& £ 350,000& £ 300,000 &£ 320,000\\ \text {Cash Sales } &£ 70,000 &£ 90,000 &£ 80,000& £ 70,000\\\end{array}$

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:

Innovation

The process of implementing new ideas, creating unique products, or improving existing services to meet new requirements or market needs.

Social Invention

Innovative creations or solutions that address societal needs, shaping social behaviors and structures.

Group Effort

The combined effort and collaboration of members working together towards a common goal within a group or team.

Managerial Task

Managerial task refers to the specific duties, responsibilities, and activities that managers are required to perform as part of the management process, including planning, organizing, leading, and controlling.