Michael Company has a sales budget for next month of $300,000. Cost of goods sold is expected to be 50% of sales. All units are paid for in the month following purchase
The beginning inventory is $10,000 and an ending inventory of $12,000 is desired. Beginning accounts payable is $76,000. The purchases for next month are ________.
A) $138,000
B) $140,000
C) $150,000
D) $152,000
D
Business
You might also like to view...
Death protection is not the most important reason for purchasing life insurance
Indicate whether the statement is true or false.
Business
A functional dependency in which one or more nonkey attributes are functionally dependent on part, but not all, of the primary key is called a ________ dependency
A) partial key-based B) partial functional C) cross key D) merged relation
Business