Information pertaining to Yekstop Corp.'s sales revenue is presented below:
November December JanuaryCash sales$96,000 $125,000 $78,000 Credit sales 288,000 450,000 234,000 Total sales$384,000 $575,000 $312,000
Management estimates that 4% of credit sales are eventually uncollectible. Of the collectible credit sales, 65% are likely to be collected in the month of sale and the remainder in the month following the month of sale. The company desires to begin each month with an inventory equal to 75% of the sales projected for the month. All purchases of inventory are on open account; 30% will be paid in the month of purchase, and the remainder paid in the month following the month of purchase. Purchase costs are approximately 60% of the selling prices.Total budgeted cash collections for Yekstop Corp. in December are:
$502,568
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An advantage of centralized training function is that it _____.
Fill in the blank(s) with the appropriate word(s).
Which of the following is NOT a principle developed by Arthur W. Page for successful corporate public relations?
A) to create a system that draws questions and criticism from employees and outside publics up through the organization to management B) to make sure that management softens bad news, especially for employees, stockholders, and community members C) to prepare "contact employees" with knowledge needed to be reasonable and polite with the public D) to create a system that informs all employees about an organization's policies and practices