C-Cubed had the following information from the end of last year for its Mountain Bikes: Budgeted Bike Production for October Budgeted Bike Production for November Budgeted Bike Production for December Cash Collected from Sales in November Cash Available on November 1 Cash Disbursements in November Interest Paid During November The ending raw materials inventory equals 25% of the following month's raw material production needs. Each unit of finished goods requires 60 inches of raw materials. The raw materials cost $3.50 per inch. 115 bikes 100 bikes 120 bikes $40,000 $5,000 525,000 $500 How many inches of raw materials should be purchased in November? Please note the production needs for each month are listed in the table. Multiple Choice 21,630 6,300 22,050 21,262.50

C-Cubed had the following information from the end of last year for its Mountain Bikes: Budgeted Bike Production for October Budgeted Bike Production for November Budgeted Bike Production for December Cash Collected from Sales in November Cash Available on November 1 Cash Disbursements in November Interest Paid During November The ending raw materials inventory equals 25% of the following month's raw material production needs. Each unit of finished goods requires 60 inches of raw materials. The raw materials cost $3.50 per inch. 115 bikes 100 bikes 120 bikes $40,000 $5,000 525,000 $500 How many inches of raw materials should be purchased in November? Please note the production needs for each month are listed in the table. Multiple Choice 21,630 6,300 22,050 21,262.50

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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C-Cubed had the following information from the end of last year for its Mountain Bikes: Budgeted Bike Sales for October Budgeted Bike Sales for November Budgeted Bike Sales for December Desired Ending Finished Goods Inventory 115 bikes 100 bikes 120 bikes 5% of the following month's unit sales $40,000 $5,000 $35,000 $500 Cash Collected from Sales in November Cash Available on November 1 Cash Disbursements in November Interest Paid During November How much would C-Cubed have to borrow to have a November ending cash balance of $25,000? Multiple Choice $15,500 $5,000 $5,500 $15,000
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