A Sales Budget Is Given Below for One of the Products

question 29

Essay

A sales budget is given below for one of the products manufactured by the OMI Co.:
$\begin{array}{|l|r|}\hline \text { Tanuary } & 25,000 \text { units } \\\hline \text { February } & 40,000 \text { units } \\\hline \text { March } & 65,000 \text { units } \\\hline \text { April } & 45,000 \text { units } \\\hline \text { May } & 35,000 \text { units } \\\hline \text { June } & 30,000 \text { units } \\\hline\end{array}$
The inventory of finished goods at the end of each month must equal 20% of the next month's sales.However,on December 31,the finished goods inventory totalled only 4,000 units.
Each unit of product requires three kilograms of specialized material.Since the production of this specialized material by OMI's suppliers is sometimes irregular,the company has a policy of maintaining an ending inventory at the end of each month equal to 30% of the next month's production needs.This requirement had been met on January 1 of the current year.
Required:
Prepare a budget showing the quantity of material to be purchased each month for January,February,and March,and in total for the quarter.

Grasp the significance of key inventions and technological advancements in the history of mass media.

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Recognize and explain the effect of misinformation on memory accuracy.

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Definitions:

Stock Prices

The current market price at which a share of a company is bought or sold.

Price Changes

Adjustments in the price levels of goods, services, or securities in the market.

Market Efficiency

A financial market attribute where prices of securities fully reflect all available information at any moment in time.

Excess Return

The return achieved by an investment over and above the return of a benchmark index or risk-free rate, signifying performance attributable to the investment's risk.