Taurus Company Has the Following Data The Gross Profit Rate Is 40% and the Inventory at

question 36

Multiple Choice

Taurus Company has the following data: $\begin{array}{lr}\text { Month } & \text { Budgeted Sales } \\\hline \text { January } & \$ 108,000 \\\text { February } & 132,000 \\\text { March } & 144,000 \\\text { April } & 120,000\end{array}$ The gross profit rate is 40% and the inventory at the end of December was $19,000.Desired inventory levels are 30% of next month's sales at cost._____ is the expected total purchases budgeted for February.

• A)$105,120
• B)$79,200
• C)$81,360
• D)None of these answers is correct

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Definitions:

Genocide

The physical extermination of one people by another, either as a deliberate act or as the accidental outcome of activities carried out by one people with little regard for their impact on others.

Adjudication

The legal process by which an arbiter or judge reviews evidence and arguments to make a formal decision or judgement in a dispute.

Imprisonment

The act of confining someone in a prison or another facility as punishment for crimes or while awaiting trial.