A Company's Data Is Presented Below A) 7,840
B) 8,160
C) 8,000
D) 8,480
E) 7,360

question 158

Multiple Choice

A company's data is presented below.Desired ending inventory is a consistent percentage of the next quarter's sales and the previous year's fourth quarter ending inventory of 560 units meets this requirement.Compute the expected production in the third quarter of the current year.
$$\begin{array} { l l l l l } \text { Quarter } & 1 & 2 & 3 & 4 \\\text { Expected sales units } & 7,000 & 5,000 & 8,000 & 6,000 \\\text { Units produced } & 6,840 & ? & ? & ?\end{array}$$

• A) 7,840
• B) 8,160
• C) 8,000
• D) 8,480
• E) 7,360

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Definitions:

Gallon

A unit of measurement for volume, primarily used in the United States, equal to 128 fluid ounces, or approximately 3.785 liters.

Quantity Supplied

Quantity Supplied is the amount of a good or service that producers are willing and able to offer for sale at a particular price over a given period.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price level at a specific time.

Supply Curve

A graphical representation showing the relationship between the price of a good and the quantity of the good that suppliers are willing to offer for sale, holding other factors constant.