Organizations which use a responsive strategy of product/service development emphasize
speed over innovation.
Indicate whether the statement is true or false
TRUE
Business
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LeMinton Company expects the following credit sales for the first five months of the year: January, $25,000; February, $40,000; March, $30,000; April, $36,000, May $40,000. Experience has shown that payment for the credit sales is received as follows: 60% in the month of sale, 25% in the first month after sale, 12% in the second month after sale, and the remainder is uncollectible. How much cash can LeMinton Company expect to collect in March as a result of credit sales (current and past)?
What will be an ideal response?
Business
Name the three competitive priorities for time and give an example of each
What will be an ideal response?
Business