Sales Are 30% Cash and 70% on Account, and 60

question 74

Multiple Choice

$$\begin{array} { l c c c c c } & \text { January } & \text { February } & \text { March } & { \text { April } } \\\text { Sales } & \$ 26,400 & \$ 23,100 & \$ 33,000 & \$ 25,000 \\\text { Production in units } & 990 & 1,440 & 1,710 & 1,200\end{array}$$
Sales are 30% cash and 70% on account, and 60% of credit sales are collected in the month of the sale. In the month after the sale, 30% of credit sales are collected. The remainder is collected two months after the sale. It takes 4 kilograms of direct material to produce a finished unit, and direct materials cost $5 per kilogram. All direct materials purchases are on account, and are paid as follows: 40% in the month of the purchase, 50% the following month, and 10% in the second month following the purchase. Ending direct materials inventory for each month is 40% of the next month's production needs. January's beginning materials inventory is 1,080 kilograms. Suppose that both accounts receivable and accounts payable are zero at the beginning of January.
The ending direct materials inventory for March is:

• A) 1,920 kilograms
• B) 6,960 kilograms
• C) 2,736 kilograms
• D) 6,120 kilograms

Understand the role of cost-benefit analysis in utilitarianism and ethical decision-making.

Grasp the concept and key factors of corporate social responsibility (CSR) in business practices.

Recognize the significance of corporate actions on stakeholders and the environment, emphasizing corporate social responsibility.

Evaluate business decisions through the lens of corporate social responsibility considering all stakeholders.

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Definitions:

Individualism

The moral, political, and social philosophy that emphasizes the moral worth of the individual, advocating for freedom of action for individuals over collective or state control.

Materialism

A focus on accumulating and valuing physical possessions and wealth over spiritual, intellectual, or cultural values.

Faith In Progress

The belief in ongoing, generally positive social, technological, and economic development and improvement over time.

William Harper

Assuming the subject refers to a notable individual, there have been several including political figures, and legal scholars; more context is needed for a precise definition.