Zale, Inc has provided the following extracts from their budget for the first quarter of the forthcoming year
Jan Feb March
Sales (20% cash) $500,000 $750,000 $1,000,000
The company collects 70% of credit sales in the same month and the balance in the next month. Calculate the collections from the customers for the month of February.
A) $570,000
B) $540,000
C) $690,000
D) $750,000
C .C)
Feb
Collection for cash sale ($750,000 x 20%) $150,000
Collection for credit sale:
For Feb. sales ($750,000 x 80% x 70%) 420,000
For Jan. sales ($500,000 x 80% x 30%) 120,000
Total cash collection $690,000
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A) internal B) cultural C) social responsibility D) relationship E) integrated
External employee relations comprise the human resource management activities associated with the movement of employees within the organization
Indicate whether this statement is true or false.