Leaverton's Forecast of Sales Is as Follows: July,$60,000; August,$90,000; September,$130,000

question 91

Multiple Choice

Leaverton's forecast of sales is as follows: July,$60,000; August,$90,000; September,$130,000.Sales are normally 80 percent cash and 20 percent credit in any month.Credit sales are collected in full in the following month.Merchandise cost averages 60 percent of sales price.The company desires an inventory as of September 30 of $52,000.The inventory as of June 30 was $25,000. Total purchases that must be made in order to meet sales and inventory requirements for the quarter amount to

• A) $195,000.
• B) $253,000.
• C) $141,000.
• D) $307,000.

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Definitions:

Rheumatoid Arthritis

A chronic inflammatory disorder affecting joints, including those in the hands and feet, characterized by joint pain, swelling, and stiffness.

Synovial Fluid

A viscous fluid found in the cavities of synovial joints, lubricating and nourishing the joint tissues.

Osteoblasts

Cells with the primary function of synthesizing bone and are responsible for the production of new bone tissue and bone mineralization.

Muscle Contraction

The process by which muscle fibers produce tension and shorten in response to stimulation, enabling movement.