Bonkowski Corporation Makes One Product and Has Provided the Following

question 48

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 estimated finished goods inventory balance at the end of February is closest to:

• A) $335,160
• B) $245,385
• C) $281,295
• D) $89,775

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Definitions:

Business Acumen

The keenness and quickness in understanding and dealing with a business situation in a manner that is likely to lead to a good outcome.

Non-verbal Expression

A form of communication that does not use words or speech, including gestures, facial expressions, and body language.

Cultural Similarities

Cultural similarities refer to shared practices, values, or beliefs that exist between two or more cultures, fostering understanding and cohesion.

European American Providers

Healthcare or service providers in America who are of European descent or identify with European cultural backgrounds.