A June Sales Forecast Projects That 6,000 Units Are Going

question 128

Multiple Choice

A June sales forecast projects that 6,000 units are going to be sold at a price of $10.50 per unit.The desired ending inventory of units is 15% higher than the beginning inventory of 1,000 units.Merchandise purchases for June are projected to include how many units?

• A) 6,000 units
• B) 6,150 units
• C) 5,850 units
• D) 7,150 units
• E) 6,500 units

---

Definitions:

State Of Incorporation

The jurisdiction under whose laws a corporation is registered and operates, determining its legal obligations and protections.

Professional Corporation

A corporate structure available to licensed professionals, like doctors or lawyers, offering certain tax and liability advantages.

Malpractice

Professional misconduct or failure to exercise adequate skill, leading to the loss or injury of a patient, client, or customer.

De Facto Corporation

A business entity that operates like a corporation but hasn't completed all legal steps required for incorporation, often treated as a corporation for most legal purposes.