The Gel Company, Hair Products Wholesaler, Budgeted $180,000 of Credit

question 51

Multiple Choice

The Gel Company, hair products wholesaler, budgeted $180,000 of credit sales and $30,000 of cash sales for June. All merchandise is marked up to sell at 125% of its invoice cost. What is the budgeted cost of sales for June?

• A)$168,000.
• B)$132,500.
• C)$136,000.
• D)$127,500.

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Definitions:

Frequency

The number of times an event or occurrence takes place within a specified period or dataset.

Symmetric

Refers to a situation where a distribution or pattern shows equality or uniformity across a central point or axis.

Histogram

A graphical representation of the distribution of numerical data, where the data are binned into ranges and each bin is represented by a bar with its height proportional to the frequency of data points in the bin.

Vertical Line

A line that runs up and down the page, having an undefined slope and typically used to represent the concept of infinity in coordinate geometry.