Chu Company provided the following information related to its inventory sales and purchases for December Year 1 and the first quarter of Year 2: Dec. Year 1 Jan. Year 2 Feb. Year 2 Mar. Year 2 (Actual) (Budgeted) (Budgeted) (Budgeted)Cost of goods sold$32,000? $62,000? $82,000? $52,000? Desired ending inventory levels are 32% of the following month's projected cost of goods sold. Budgeted purchases of inventory in February Year 2 would be:
A. $72,400.
B. $79,900.
C. $61,600.
D. $91,120.
Answer: A
You might also like to view...
In the Boston Consulting Group matrix, ________ provides a measure of market attractiveness
A) relative market share B) market development C) market penetration D) market growth rate E) market segmentation
Small retailers can obtain volume discounts and buying power similar to chain organizations through _____
a. cooperative buying b. resident buying offices c. an inside buying organization d. a centralized buying organization
Which extrinsic reward incorporates the positive aspect that employees are more flexible and productive, but the negative aspect that employees may max out their skill levels, which means they cannot receive any additional pay increases unless they change jobs?
a. Skill–based pay b. Job content-based pay c. Performance-based pay d. Seniority-based pay
Paraphrasing _____
A. involves putting the speaker's ideas into the simplest, clearest, and most direct wordspossible without changing the intended meaning B. refers to the way paragraphs are organized and the mandatory rules of punctuationfollowed while writing an essay C. involves converting what the speaker says into what the listener wants to say D. refers to inconsistent indentation styles that are usually seen in an informal written document