Use the Information Below to Answer the Following Question(s)

question 141

Multiple Choice

Use the information below to answer the following question(s) .
Peabody Enterprises prepared the following sales budget:

The expected gross profit rate is 40% and the inventory at the end of February was $10,000. Desired inventory levels at the end of the month are 20% of the next month's cost of goods sold.
-What are the total purchases budgeted for April at Peabody Enterprises?

• A) $7,680
• B) $7,440
• C) $9,360
• D) $7,920

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Definitions:

Quietness

Quietness is the state or quality of being free from noise or disturbance, often associated with peace and calm.

Equal Status Contact

A theory suggesting that prejudice between groups can be reduced by promoting interactions under conditions of equal status.

Racial Groups

Categories of humans based on shared physical or genetic qualities into groups considered to be distinct by society.

Prejudicial Attitude

A preconceived opinion or bias against someone or something without just grounds or before acquiring sufficient knowledge.