The Brady Company Has Budgeted the Following Activity for April

question 8

Multiple Choice

The Brady Company has budgeted the following activity for April:
Sales of $1,000,000 all in cash
The cost of goods sold is 75% of the selling price
Inventory purchases of $800,000 were paid for in cash
Selling and Administrative expenses are budgeted at $80,000 and are paid in cash in the period incurred.
Depreciation expense for April is budgeted at $14,000
The cash balance at March 31^st is $45,000
The budgeted cash balance at the end of April will be:

• A)$165,000
• B)$120,000
• C)$151,000
• D)$(85,000)

Apply knowledge of ratios and proportions to evaluate financial investments.

Utilize proportional reasoning in assorted financial contexts, including sales, costs, and expenses.

Interpret and solve practical problems involving equivalent ratios.

Understand the concept of equivalent ratios and how to reduce them to their smallest terms.

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