Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. assume a companys sales budget for april and may i

Assume a companys sales budget for April and May is 31,000 units and 33,000 units,...

70.2K

Verified Solution

Question

Accounting

Assume a companys sales budget for April and May is 31,000 units and 33,000 units, respectively. Its production budget for the same two months is 28,000 units and 29,000 units, respectively. Each unit of finished goods required 6 pounds of raw materials. The company always maintains raw materials inventory equal to 30% of the following months production needs.
Also assume the company pays $2.00 per pound of raw material. It always pays for 60% of its raw material purchases in the month of purchase and the remainder in the following month. The accounts payable balance on March 31st is $131,000. What would be the accounts payable balance at the end of April?
Multiple Choice
$208,760
$198,260
$207,093
$135,840

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Given below is the frequency distribution for the heights in feet from eruptions of the...

Statistics
Q

Consider the function f(θ) = θ + sinθ on (0,2π). 1) Draw diagrams showing the intervals...

Basic Math
Q

Dehydration is one of the problems that people have when they have large third-degree burns on...

Medical Sciences
Q

Much like the CO ligands, cyanide (CN-) ligands have IR stretching frequencies that are distinctive and...

Chemistry
Q

The number of milligrams D (h) of a certain drug that is in a patient's...

Basic Math
Q

1 .If a parent owns 80% of the subs outstanding stock, the Consolidated Balance Sheet...

Accounting
Q

The Viper retires a $50.4 million bond issue when the carrying value of the bonds...

Accounting
Q

Required information The Foundational 15 (Algo) [LO9-1, LO9-2, L09-4, L09-5, LO9-6] [The following information applies...

Accounting
Q

You are the administrator of the medical - surgical department. Review the transcripts from the...

Accounting
Q

A fixed asset priced at $100,000 is acquired by trading in a similar asset that...

Accounting
Q

P moved out of his Ottawa home in 20X5 and commenced renting the home through...

Accounting
Q

Prepare Tiker Company's journal entries to record the following transactions and the adjusting entry to...

Accounting