Fosnight Enterprises Prepared the Following Sales Budget: the Expected

question 98

Multiple Choice

Fosnight Enterprises prepared the following sales budget: The expected gross profit rate is 30% and the inventory at the end of February was $10,000. Desired inventory levels at the end of the month are 20% of the next month's cost of goods sold.
What is the desired ending inventory on May 31?

• A)$840
• B)$9,800
• C)$1,680
• D)$1,960

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Definitions:

HRM Practices

The various strategies, policies, and practices implemented by an organization to effectively manage its human resources.

Best Practice

Best practice involves the processes, techniques, or methodologies that are recognized as the most efficient and effective way to achieve a desired outcome based on industry standards or proven success.

Fit

The degree of alignment or compatibility between two or more entities, such as a job candidate and corporate culture.

5C Model

The 5C Model is a marketing framework that focuses on understanding a company's situation by analyzing five key areas: company, customers, competitors, collaborators, and context.