Use the Information Below to Answer the Following Questions

question 42

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.
-On certain occasions, managers may be prepared to release projected information to those outside the business. All the following circumstances could justify the release of information, except

• A) when managers feel that the business is under threat of a takeover.
• B) when asked by competitors.
• C) when making an offer of new shares to the public.
• D) when trying to raise finance for the business.

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Definitions:

Short-Lived

Having a brief existence or duration; not lasting for a long time.

Violent Protests

Public demonstrations that involve aggressive behaviors, including harm to people or property, to express opposition against policies or actions.

Socially Unstable Protest

Demonstrations or movements that arise in contexts of social instability, often reflecting widespread discontent or demands for change.

Collectivization

The process of transforming private assets or properties into collective ownership, typically under governmental or communal control, often associated with agricultural reforms in socialist contexts.