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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$4,408,000
B. US$3,781,600
C. US$3,729,968
D. US$4,025,200
Answer: B
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 take effect only after logging off of SAP and logging on again.
B. The default data you assign will automatically populate that field whenever it appears in a transaction.
C. The default data you assign for year values will automatically change to a new value each year.
D. The default data you assign is set your profile only.
Answer: A,B,D
NEW QUESTION: 3
A. Option B
B. Option D
C. Option A
D. Option C
Answer: A
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