"Big data" has been recently applied to making effective decisions and ________
A) managing human resources
B) creation of surveys
C) decreasing online sales
D) marketing campaigns
E) none of the above
A
Explanation: A) Historically used in marketing and statistical compilation, big data is now being used within the development of human resources, particularly in relation to behavior tendencies.
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The following information pertains to Maxi Corporation:
Month Sales Purchases July $40,000 $20,000 August 30,000 15,000 September 20,000 10,000 October 50,000 25,000 November 60,000 30,000 December 70,000 35,000 ? Cash is collected from customers in the following manner: Month of sale 20% Month following the sale 50% Two months following sale 28% Amount uncollectible 2% ? Thirty percent of purchases are paid for in cash in the month of purchase, and the balance is paid the following month. A 2% discount is allowed on purchases paid for in the month of purchase. ? Labor costs equal 20% of sales; other operating costs of $5,000 per month (including $2,000 ) of depreciation. Both are paid in the month incurred. ? The cash balance on October 1 is $4,300. A minimum cash balance of $4,000 is required at the end of the month. Money is borrowed in multiples of $1,000. ? The company will issue $6,000 of common stock and pay $10,000 in dividends in October. ? There is no debt outstanding at October 1. Required: Prepare a projected cash flow statement in good form for the month ended October 31.