Upstairs Company Has the Following Data The Gross Profit Rate Is 40% of Sales and Ending

question 9

Multiple Choice

Upstairs Company has the following data:
$\begin{array}{ll}\text { Month }&\text { Budgeted Sales }\\\text { January } & \$ 108,000 \\\text { February } & 132,000 \\\text { March } & 144,000 \\\text { April } & 120,000\end{array}$
The gross profit rate is 40% of sales and ending inventory at December 31 was $19,440.Desired ending inventory levels are 30% of next month's sales at cost.What are the expected total purchases for February?

• A) $79,200
• B) $81,360
• C) $102,960
• D) $105,120

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Definitions:

Antipsychotic Drugs

Medications primarily used to manage psychosis, including disorders like schizophrenia, bipolar disorder, and severe depression.

Schizophrenia

A long-term mental disorder involving a breakdown in the relation between thought, emotion, and behavior, leading to faulty perception and inappropriate actions or feelings.

Serious Side Effects

are unwanted or dangerous effects caused by medical treatment or intervention that can require additional medical attention or discontinuation of the treatment.

Classical Antipsychotics

Drugs (such as Thorazine and Haldol) that block dopamine receptors. These drugs seem to treat many positive symptoms of schizophrenia.