Fantastic Futons manufactures futons. The estimated number of futon sales for the first three months of 2014 are as follows: January 40,000 February 50,000 March 60,000 Finished goods inventory at the end of 2013 was 10,000 units. On average, 25 percent of the futons to be sold in the next month are produced and kept as ending balance in finished goods inventory. The planned selling price is $150
per unit. How many futons are budgeted to be produced in January by Fantastic Futons?
A) 44,500
B) 28,000
C) 42,500
D) 52,500
C
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Answer the following statements true (T) or false (F)
1. Among cultural patterns of which one should be aware is the importance of making direct eye contact most of the time with Japanese businesspeople. 2. Globalization is defined as the elimination of all trade barriers worldwide. 3. Great communications systems have been a hallmark of great civilizations. 4. Air travel and electronic media have made the global village phenomenon possible.
Wings Co issued a $15,000, 60-day, discounted note to Rocky Mountain Bank. The discount rate is 7%. The cash proceeds to Wings Co is ________
a. $15,000 b. $13,950 c. $15,175 d. $14,825
In the sentence Tanika carefully proofread her lengthy message before she sent it, the word message is a ____
A) noun B) pronoun C) conjunction D) verb
Bonds maturing in 1, 2, and 3 years have prices of 0.9020, 0.8320, and 0.7620, respectively. What is the price of a put option that expires in 1 year that gives you the right to sell a 1-year bond for a price of 0.9200? Assume ? = 0.18
A) $0.35 B) $0.25 C) $0.15 D) $0.05