Home Corporation Will Open a New Store on January 1

question 18

Multiple Choice

Home Corporation will open a new store on January 1. Based on experience from its other retail outlets, Home Corporation is making the following sales projections:

Home Corporation estimates that 70% of the credit sales will be collected in the month following the month of sale, with the balance collected in the second month following the month of sale.
-In a cash budget for April, the total cash receipts will be:

• A)$74,000
• B)$57,000
• C)$114,000
• D)$97,000

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Definitions:

Task Forces

Formal teams convened for a specific purpose and expected to disband when that purpose is achieved.

Mechanistic Design

An organizational structure characterized by strict hierarchies, detailed rules, and a high degree of formalization.

Formal Coordination

The process of integrating activities and resources within an organization through official channels, policies, and procedures.

Organisational Design

Organisational design is the process of structuring an organization's roles, responsibilities, and systems to efficiently achieve its goals and adapt to changes in the environment.