A merchandiser, provides the following information for its December budgeting process:The November 30 inventory was 1,800 units.Budgeted sales for December are 4,000 units.Desired December 31 inventory is 2,840 units.Budgeted purchases are:
A. 1,240 units.
B. 5,800 units.
C. 4,000 units.
D. 5,040 units.
E. 6,840 units.
Answer: D
You might also like to view...
What does the phrase "exchange relationship" mean in relation to marketing?
What will be an ideal response?
The omission known as change blindness occurs when ________.
A. a decision maker wants to bring about a change on a whim B. decision makers fail to notice gradual changes over time C. a sudden change is overlooked by decision makers D. decision makers are adamant on maintaining status quo due to a fear of change
Anthony Company sold Madison Company merchandise on account FOB shipping point, 2/10, net 30, for $20,000. Anthony prepaid the $300 shipping charge. Which of the following entries does Anthony make to record this sale?
A) Accounts Receivable-Madison, debit $20,000; Sales, credit $20,000 B) Accounts Receivable-Madison, debit $20,000; Sales, credit $20,000, andAccounts Receivable-Madison, debit $300; Cash, credit $300 C) Accounts Receivable-Madison, debit $20,500; Sales, credit $20,500 D) Accounts Receivable-Madison, debit $20,000; Sales, credit $20,000, andFreight Out, debit $300; Cash, credit $300
Owners of a corporation who elect the board of directors and vote on fundamental changes in the corporation are known as ________
A) spectators B) shareholders C) electors D) associates