Apple Two Enterprises Expects to Generate Sales of $5,950,000 for Fiscal

question 109

Multiple Choice

Apple Two Enterprises expects to generate sales of $5,950,000 for fiscal 2018; sales were $3,450,000 in fiscal 2017. Assume the following figures for the fiscal year ending 2017: cash $70,000; accounts receivable $250,000; inventory $400,000; net fixed assets $520,000; accounts payable $235,000; and accruals $155,000. Use the percent-of-sales method to forecast cash for the fiscal year ending 2018.

• A) $120,725
• B) $75,003
• C) $216,418
• D) $319,604

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Definitions:

DSM-5

The Diagnostic and Statistical Manual of Mental Disorders, Fifth Edition; a comprehensive classification and diagnostic tool for mental disorders published by the American Psychiatric Association.

Diagnostic Labels

Terms or categories used to describe and classify mental health conditions and their symptoms.

Mental Health Professionals

Trained individuals who offer services for the purpose of improving an individual’s mental health or to treat mental illnesses.

ADHD

Attention-Deficit/Hyperactivity Disorder, a neurodevelopmental disorder characterized by patterns of inattention, hyperactivity, and impulsivity that are more frequent and severe than typically observed in individuals at a comparable level of development.