Use the Information Below to Answer the Following Questions

question 29

Multiple Choice

Use the information below to answer the following questions.
Saddle Company, a leather manufacturer, has a sales budget of $500,000 for February. The cost of sales is estimated to be 35% of sales. All materials purchased by Saddle Company are paid for in the month following the purchase. The beginning inventory for February is $10,000, and an ending inventory of $11,000 is desired. The trade payables balance at the beginning of February is $88,000.
-Refer to the information above. Projected cash payments to trade creditors for the month of February are:

• A) $88,000
• B) $98,000
• C) $186,000
• D) $100,000

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Definitions:

Genetic Influences

The contribution of genes to physical and behavioral traits, shaping an individual's characteristics and susceptibilities to various conditions.

Natural Selection

The mechanism that drives biological evolution. It refers to the greater likelihood of successful reproduction for organisms whose attributes are advantageous in a given environment.

TV Watching

The activity of observing television programs for entertainment, information, or educational purposes.

Hans Eysenck's Theory

A personality theory suggesting that personality is determined by a combination of genetic factors and environmental influences, focusing on extraversion, neuroticism, and psychoticism.