Freighters Ltd Has the Following Budgeted Figures Calculate the Budgeted Purchases for the Month of January

question 38

Multiple Choice

Freighters Ltd has the following budgeted figures:
$$\begin{array} { | l | l | l | l | l | } \hline & \text { January } & \text { February } & \text { March } & \text { April } \\\hline \text { Sales } & \$ 57,500 & \$ 63,000 & \$ 89,000 & \$ 94,000 \\\hline \text { Cost of sales } & 50 \% \text { of sales } & & & \\\hline \text { Required } & \$ 20,000 + 25 \% & & & \\\text { ending } &\text { of next month's } \\\text { inventory }&\text {sales} & & \\\hline \text { Inventory on } & & & & \\\text { hand on 1 Jan } & \$ 27,500 & & & \\\hline\end{array}$$
Calculate the budgeted purchases for the month of January.

• A) $37,000
• B) $7000
• C) $35,750
• D) $64,500

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Definitions:

Goal Setting

The process of identifying specific, measurable, achievable, relevant, and time-bound objectives that guide an individual's or organization's focus and direction.

Supervisor Sets

Supervisor sets refer to the specific guidelines or expectations set by supervisors for their subordinates to follow in an organizational context.

Employee's Abilities

Refers to the skills, knowledge, and competencies that an individual possesses, which enable them to perform tasks effectively in a workplace.

Valence

In the field of motivation, valence refers to the emotional significance attached to something, determining how desirable or undesirable it is.