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

question 203

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 May at Peabody Enterprises?

• A) $6,960
• B) $7,440
• C) $8,640
• D) $7,680

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The active, professed refusal to obey certain laws, demands, or commands of a government or occupying power, without resorting to physical violence.

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