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

question 28

Multiple Choice

Apple Two Enterprises expects to generate sales of $5,950,000 for fiscal 2014;sales were $3,450,000 in fiscal 2013.Assume the following figures for the fiscal year ending 2013: 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 2014.

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

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Definitions:

Brake Pedal Position Sensor

A sensor that detects the position of the brake pedal to assist in braking system functionality.

Brake Light Switch

A device in a vehicle that activates the rear brake lights when the brakes are applied to alert drivers behind.

Brake Pedal Bracket

The structural component that supports and secures the brake pedal to the vehicle's frame or body.

Master Cylinder Leaks

Occurs when fluid escapes from the master cylinder, a crucial component of a vehicle's brake system, potentially leading to brake failure or reduced effectiveness.