The Puyer Corporation makes and sells only one product called a Deb. The company is in the process of preparing its Selling and Administrative Expense Budget for next year. The following budget data are available:
All of these expenses (except depreciation) are paid in cash in the month they are incurred.
-If the budgeted cash disbursements for selling and administrative expenses for April total $195,500,then how many Debs does the company plan to sell in April?
Definitions:
TIE
Times Interest Earned, a financial metric indicating how well a company can meet its interest obligations based on current earnings.
DSO
Days Sales Outstanding, a measure of the average number of days that a company takes to collect payment after a sale has been made.
Repurchase
This refers to the action of buying back previously sold products or shares, often used as a way to return capital to shareholders or reduce outstanding shares.
Current Ratio
A financial ratio indicating a firm's capacity to cover its short-term debts with assets that can be converted into cash within a year, determined by dividing current assets by current liabilities.
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