Answer the Following Questions Using the Information Below:
Wallace Company

question 1

Multiple Choice

Answer the following questions using the information below:
Wallace Company provides the following data for next year:
$$\begin{array} { l c } \text { Month } & \text { Budgeted Sales } \\\text { January } & \$ 120,000 \\\text { February } & 108,000 \\\text { March } & 132,000 \\\text { April } & 144,000\end{array}$$ The gross profit rate is 35% of sales. Inventory at the end of December is $21,600 and target ending inventory levels are 20% of next month's sales, stated at cost.
-What is the amount of purchases budgeted for February?

• A) $32,214
• B) $70,200
• C) $73,320
• D) $95,160

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Definitions:

Otoacoustic Emissions

Spontaneous or evoked sound waves produced within the ear by the cochlea that escape from the ear.

Newborn Infants

Very young babies, typically under a month old, who are in the earliest stage of postnatal life.

Inner Ear

The innermost part of the ear, containing the cochlea, vestibule, and semicircular canals, responsible for hearing and balance.

Conventional Hearing Tests

Conventional hearing tests are standard procedures used to measure an individual's hearing capabilities, often involving the use of headphones and sound in varying frequencies and intensities.