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NEW QUESTION: 1
A company is formulating its plans for the coming year, including the preparation of its cash budget. Historically, 30% of the company's sales are cash sales. The remaining 70% are credit sales with the following collection pattern:
Sales for the first 5 months of the coming year are forecast as follows:
For the month of April, the total cash receipts from sales and collections on account would be:
A. US$3,781,600
B. US$4,408,000
C. US$3,729,968
D. US$4,025,200
Answer: A
Explanation:
The cash receipts for April equal April's cash sales (US $4,000,000 x 30% = US $1,200,000), 40% of April's credit sales, and 58% of March's credit sales. Consequently, total cash receipts equal US $3.781600 [$1,200,000 + ($4,000,000 x 40% x 70%) + ($3,600,000 x 58% x 70%)].
NEW QUESTION: 2
Which of the following are true statements about parameter identifiers (PIDs)?
A. The default data you assign will automatically populate that field whenever it appears in a transaction.
B. The default data you assign is set your profile only.
C. The default data you assign for year values will automatically change to a new value each year.
D. The default data you assign will take effect only after logging off of SAP and logging on again.
Answer: A,B,D
NEW QUESTION: 3
A. Option C
B. Option A
C. Option D
D. Option B
Answer: D