Assume a companys sales budget for April and May is 43,000 units and 45,000 units,...
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Assume a companys sales budget for April and May is units and units, respectively. Its production budget for the same two months is units and units, respectively. Each unit of finished goods required pounds of raw materials. The company always maintains raw materials inventory equal to of the following months production needs. Also assume the company pays $ per pound of raw material. It always pays for of its raw material purchases in the month of purchase and the remainder in the following month. The accounts payable balance on March st is $ What would be the accounts payable balance at the end of April? Multiple Choice $ $ $ $
Assume a companys sales budget for April and May is units and units, respectively. Its production budget for the same two months is units and units, respectively. Each unit of finished goods required pounds of raw materials. The company always maintains raw materials inventory equal to of the following months production needs.
Also assume the company pays $ per pound of raw material. It always pays for of its raw material purchases in the month of purchase and the remainder in the following month. The accounts payable balance on March st is $ What would be the accounts payable balance at the end of April?
Multiple Choice
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$
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