Mustang Company Has the Following Data The Average Mark- Up on Products Is 40%, and the }

question 96

Multiple Choice

Mustang Company has the following data: $$\begin{array} { l l } \text { Month } & \text { Budgeted Sales } \\\text { January } & \$ 108,000 \\\text { February } & 132,000 \\\text { March } & 144,000 \\\text { April } & 120,000\end{array}$$ The average mark- up on products is 40%, and the inventory at the end of December was $19,000. Desired inventory levels are 30% of next month's sales at cost. _ is the desired ending inventory for April.

• A) $43,200
• B) $25,920
• C) $17,280
• D) None of these answers is correct.

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Definitions:

The Cornea

The transparent front part of the eye that covers the iris, pupil, and anterior chamber, contributing to the eye's focusing power.

Optic Chiasm

An X-shaped structure in the brain where the optic nerves partially cross, involved in the visual processing system.

Visual Field

The entire area that can be seen when the eyes are focused in one direction, including both central and peripheral vision.

The Fovea

A small depression in the retina of the eye where visual acuity is highest, due to a high concentration of cones.