Pinto Company Has the Following Data The Average Markup on Products Is 40%, and the Inventory

question 95

Multiple Choice

Pinto Company has the following data: $\begin{array}{lc}\text { Month } & \text { Budgeted Sales } \\\text { January } & \$ 108,000 \\\text { February } & 132,000 \\\text { March } & 144,000 \\\text { April } & 120,000\end{array}$ The average markup on products 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 desired ending inventory for April.

• A)$25,920
• B)$17,280
• C)$43,200
• D)None of these answers is correct

---

Definitions:

Colonization

The process by which a central system of power dominates the surrounding land and its components, often leading to the exploitation and oppression of indigenous peoples.

Joint-Stock Companies

These are businesses owned by shareholders who invest money in the company in exchange for a share of the profits and losses.

Overseas Trading

The act of buying and selling goods and services across international borders, allowing countries to expand markets and gain access to foreign products.

English Privateers

Privately owned ships sanctioned by the English government during the 16th to 18th centuries to conduct raids on enemy shipping and settlements.