Production and Sales Estimates for June Are as Follows ? the Budgeted Total Sales for June Is:
A) $300,000

question 58

Multiple Choice

Production and sales estimates for June are as follows: $\begin{array}{lr}\text { Estimated inventory (units) , June 1 } & 8,000 \\\text { Desired inventory (units) , June } 30 & 9,000 \\\text { Expected sal es volume (units) : } & \\\text { Area X } & 3,000 \\\text { Area Y } & 4,000 \\\text { Area Z } & 5,500 \\\text { Unit sales price } & \$ 25\end{array}$ ? The budgeted total sales for June is:

• A) $300,000.
• B) $337,500.
• C) $312,500.
• D) $287,500.

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Definitions:

Ten-Year Treasury Note

A government debt security issued by the U.S. Treasury with a ten-year maturity, which pays interest to the holder every six months.

Cash Equivalent

Short-term, highly liquid investments that are easily convertible to known amounts of cash and close to their maturity.

Certificate of Deposit

A time deposit at a bank or financial institution that offers a fixed interest rate over a specified period.

Capital Acquisitions Ratio

A measure of a company’s ability to finance its investment in fixed assets through net income, indicating how much of the company’s capital is being acquired through profits.