Fedor,Inc.has Prepared the Following Direct Materials Purchases Budget

question 4

Multiple Choice

Fedor,Inc.has prepared the following direct materials purchases budget:

All purchases are paid for as follows: 10% in the month of purchase,40% in the following month,and 50% two months after purchase.Calculate total budgeted cash payments made in October for purchases.

• A)$38,140
• B)$70,470
• C)$46,370
• D)$77,490

---

Definitions:

Balanced Scorecard

A strategic planning and management system that uses a broad range of financial and non-financial metrics to assess an organization's performance.

Bottom-Line Profit

The net income reported at the bottom line of the income statement, indicating the profit remaining after all expenses have been deducted from total revenues.

Working Conditions

The environment in which employees operate, including aspects like safety, hours, amenities, and the overall atmosphere.

Performance Evaluation Measures

Criteria or benchmarks used to assess the effectiveness and efficiency of an employee, department, or organization in achieving its goals.