$\begin{array}{ll}\text { April } & 45,000 \\\text { May } & 38,000 \\\text { June } & 42,000\end{array}$

question 33

Multiple Choice

$\begin{array}{ll}\text { April } & 45,000 \\\text { May } & 38,000 \\\text { June } & 42,000\end{array}$ Each unit requires four pounds of raw material. Saphire's policy is to have 30% of the following month's production needs for materials in inventory. This policy was met in March.
-Refer to Figure 9-1. Desired ending inventory for April in pounds equals:

• A) 45,600
• B) 11,400
• C) 10.500
• D) 38,300
• E) 54,000

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Definitions:

Equity Beta

A measure of a stock's volatility relative to the overall market volatility.

Business Risk

The equity risk that comes from the nature of the firm’s operating activities.

Financial Policy

Strategic decisions regarding a company's financial management, including borrowing, spending, and investing.