$\begin{array}{ll}\text { October } & 75,000 \\\text { November } & 98,000 \\\text { December } & 63,000\end{array}$

question 58

Multiple Choice

$\begin{array}{ll}\text { October } & 75,000 \\\text { November } & 98,000 \\\text { December } & 63,000\end{array}$ Each jar requires half a pound of berries. Yummy prefers to buy the freshest berries, so its policy is to have just 3% of the following month's production needs in ending inventory. On October 1, the company had 1,125 pounds of berries in inventory. Yummy's pays $0.60 per pound of berries. It buys all berries on account and typically pays 40% of a month's purchases in that month, and the remaining 60% the following month.
-Refer to Figure 9-9. How much cash is paid in November for berry purchases (rounded to the nearest dollar) ?

• A) $25,258
• B) $21,088
• C) $28,900
• D) $19,963
• E) $32,212

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Definitions:

Output Per Worker

The average production or output produced per unit of labor, often used as a measure of labor productivity.

GDP Devoted To Investment

The portion of the Gross Domestic Product that is spent on investments in capital goods, infrastructure, and other activities to promote economic growth.

Poor Countries

Nations with low levels of economic activity, low per capita income, and generally low standards of living.

Catch-Up Effect

The property whereby countries that start off poor tend to grow more rapidly than countries that start off rich