Marty's Merchandise Has Budgeted Sales as Follows for the Second

question 59

Multiple Choice

Marty's Merchandise has budgeted sales as follows for the second quarter of the year:
Cost of goods sold is equal to 70% of sales. The company wants to maintain a monthly ending inventory equal to 120% of the cost of goods sold for the following month. The inventory on March 31 was below this target and was only $22,000. The company is now preparing a Merchandise Purchases Budget for April, May, and June.
-The beginning inventory for September should be:

• A) 1,020 units
• B) 1,050 units
• C) 1,065 units
• D) 735 units

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Definitions:

Organizational Culture

The set of shared values, beliefs, and practices that characterizes an organization and influences its members' behavior.

Communication Activities

Actions or processes involved in transmitting information, ideas, or feelings between individuals or groups.

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Specialized language used by a particular group or profession, often difficult for outsiders to understand.

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