Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. v 6 cots mc qu. 8-50 (algo) assume a company's

v 6 COTS MC Qu. 8-50 (Algo) Assume a company's sales...

70.2K

Verified Solution

Question

Accounting

v
image
6 COTS MC Qu. 8-50 (Algo) Assume a company's sales budget for... Assume a company's sales budget for April and May is 33,000 units and 35,000 units, respectively. its production budget for me same two months is 30,000 units and 31000 units, respectively. Each unit of finished goods required 4 pounds of raw materials. The company always maintains materials inventory equal to 25% of the following months production needs Also assume the company pays $2.10 per pound of raw material. It always pays for 60% of its raw material purchases in the month of purchase and remainder in the following month. The accounts payable balance on March 314 $133.000. What would be the accounts payable belance at the en of April Multiple Choice $152.460 $155.960 $157,460

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