Detroit Manufacturing Company (DMC) has budgeted the following sales for January through May: Credit Sales* January $400,000 February $320,000 March $450,000 April $520,000 May $540,000 Assume DMC has no cash sales. Credit sales are collected 60% in the month of sale, 25% in the month following the sale, and 15% two months following the sale. The gross profit rate is 30%, and desired ending inventory levels are 25% of the next month’s sales at cost. What are the expected cash collections for May? A. $324,000 B. $521,500 C. $365,050 D. $481,000 E. $737,500

Anheuser-busch inbev is considering you for an entry-level brand management position. you have been asked to prepare an analysis of the u.s. craft beer industry as part of the selection process. prepare a 3-5 page report that includes a description of the industry’s strategically relevant macro-environmental components, evaluates competition in the industry, assesses drivers of change and industry dynamics, and lists industry key success factors. the company’s management also asks that you propose the basic elements of a strategic action plan that will allow the company to improve its competitive position in the market for craft beer. you must provide a heading in your report for each of the required elements of the assignment.