Assume a company's sales budget for April and May is 44,000 units and 46,000 units, respectively. Its production budget for the same two months is 41,000 units and 42.000 units, respectively. Each unit of finished goöds fequired siways maintalns raw materials Inventory equal to 20% of the following months production needs Also assume the company pays $2.65 per pound of raw material. It always pays for 50% of its raw material purchases in the month disbursements for raw materials purchases would be shown in the company's cash budget for Apri? purchase and the rematnder in the following month. The accounts payable balance on March 31 s $144,000. How much cosh Multiple Choice $307770 $315,770 $312770 $306770

Assume a company's sales budget for April and May is 44,000 units and 46,000 units, respectively. Its production budget for the same two months is 41,000 units and 42.000 units, respectively. Each unit of finished goöds fequired siways maintalns raw materials Inventory equal to 20% of the following months production needs Also assume the company pays $2.65 per pound of raw material. It always pays for 50% of its raw material purchases in the month disbursements for raw materials purchases would be shown in the company's cash budget for Apri? purchase and the rematnder in the following month. The accounts payable balance on March 31 s $144,000. How much cosh Multiple Choice $307770 $315,770 $312770 $306770

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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5
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