Use the Following Information for the Next 7 Questions

question 41

Multiple Choice

Use the following information for the next 7 questions.
TFS Corporation, a retail company selling hotel furniture, has just completed its master budget for the next fiscal year. Ending inventory is budgeted at 20% of cost of goods available for sale. Selected data from that process appear in the table below:
-TFS' budgeted cost of goods sold for the next fiscal year will be

• A) $25,000
• B) $35,000
• C) $21,000
• D) $28,000

---

Definitions:

Administrative Regulations

Rules or directives made and maintained by an administrative agency in order to regulate activities within its jurisdiction.

Considerable Costs

Significant expenses associated with a project, action, or decision that impact its overall feasibility or budget.

Administrative Agencies

Governmental bodies responsible for the oversight and administration of specific regulations and laws.

Crisis

A situation or period of intense difficulty, trouble, or danger, which requires immediate remedies or response.