Use the Information Below to Answer the Following Question(s)

question 86

Multiple Choice

Use the information below to answer the following question(s) .Boone Hobbies, a wholesaler, has a sales budget for next month of $600,000.Cost of units sold is expected to be 40 percent of sales.All units are paid for in the month following purchase.The beginning inventory of units is $20,000, and an ending amount of $24,000 is desired.Beginning accounts payable is $152,000.
-Boone Hobbies budgeted purchases for next month is expected to be

• A)$240,000.
• B)$264,000.
• C)$225,000.
• D)$360,000.
• E)$244,000.

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Definitions:

Variable

An element, feature, or factor that is liable to vary or change, often used in mathematics, statistics, and scientific experiments to represent quantities or qualities that can assume different values.

Open Sentence

A mathematical or logical statement containing one or more variables that does not have a definitive truth value until the variables are specified.

Variable

An aspect, trait, or element that has the potential to change or differ.

Sentence

A sequence of words that is self-contained, typically featuring a subject and a verb, to deliver a statement, interrogative, exclamation, or imperative.