DuraBlend First Aid Started Operations on January 1, 2017 $$\begin{array} { l l } \text { January } & 6,000 \\\text { February } & 8,000 \\\text { March } & 7,000 \\\text { April } & 9,000\end{array}$$

question 108

Multiple Choice

DuraBlend First Aid started operations on January 1, 2017.On that date, the only assets were cash of $13,000, and inventory of $600 consisting of direct materials.The company sells first aid kits for $18 each.Additional information concerning the company's operations follows:
-Variable costs of production are $5 for each kit consisting of direct materials of $2.00, direct labor totaling $1.80, and $1.20 per unit in variable overhead.
-Other expenses include $1 per first aid kit in variable selling expenses, $22,000 per month in fixed production costs, and $14,000 per month in fixed selling and administration costs.
-Sales are collected 40% in the month of sales and 60% in the month after the sale.
-All expenses are paid in the month they are incurred except materials that are paid in the month following purchase.
-The company plans its ending inventory of first aid kits to be 20% of the units to be sold during the next month.Direct material inventory is budgeted to be equal to 10% of the next month's production requirements.
-Sales in units are forecasted as follows: $$\begin{array} { l l } \text { January } & 6,000 \\\text { February } & 8,000 \\\text { March } & 7,000 \\\text { April } & 9,000\end{array}$$
How much will be reported for Accounts Receivable on the company's balance sheet at the end of February?

• A)$122,400
• B)$86,400
• C)$43,200
• D)$57,600

Demonstrate knowledge of financial engineering and the creation of new financial instruments.

Analyze the effects of global events on financial markets and institutions.

Understand the foundations and criticisms of various personality theories.

Describe and critique the methods used to measure personality variables.

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Definitions:

Reciprocating Motion

A type of movement where an object or part moves back and forth along a straight line, as seen in pistons and pumps.

Mechanical Advantage

The ratio of the output force produced by a mechanical system to the input force applied, a measure of the efficiency of the system.

Mechanical Advantage

The ratio of the force produced by a machine to the force applied to it, used in mechanical systems to gain a greater output force from a smaller input force.

Teeth

Typically refers to the individual projections along the edge of a gear or similar component that mesh with those of another to transmit motion and force.