Bonkowski Corporation Makes One Product and Has Provided the Following

question 214

Multiple Choice

Bonkowski Corporation makes one product and has provided the following information to help prepare the master budget for the next four months of operations:
Credit sales are collected:
30% in the month of the sale
70% in the following month
Raw materials purchases are paid:
30% in the month of purchase
70% in the following month
The ending finished goods inventory should equal 30% of the following month's sales. The ending raw materials inventory should equal 10% of the following month's raw materials production needs.
-The budgeted accounts receivable balance at the end of February is closest to:

• A) $349,200
• B) $814,800
• C) $776,000
• D) $1,164,000

---

Definitions:

Self-Esteem

An individual's subjective evaluation of their own worth or abilities.

Consensual Relationship Contract

An agreement between employees who are in a personal relationship to outline the boundaries of their relationship within the workplace context.

Office In-Group

A close-knit, often exclusive, group of colleagues within a workplace who share similar interests or statuses.

Organizational Citizenship Behavior

Describes voluntary actions of employees that contribute to the organizational well-being, beyond their contractual tasks.