Use the Information Below to Answer the Following Questions

question 2

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. The ending balance in Trade payables for February is expected to be:

• A) $197,000
• B) $175,000
• C) $176,000
• D) $186,000

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Definitions:

Cultural Leveling

A process in which cultures that were once distinct become increasingly similar to one another through globalization and international communication.

Cultural Diffusion

The spread of cultural beliefs and social activities from one group to another, including the sharing of language, religion, technologies, and more.

Cultural Imperialism

The imposition of one culture's beliefs, practices, and artifacts on another culture, often disregarding the latter's own cultural identity.

Culture

The set of shared attitudes, values, goals, and practices that characterizes an institution, organization, or group.