Carpon Lumber Sells Lumber and General Building Supplies to Building

question 2

Multiple Choice

Carpon Lumber sells lumber and general building supplies to building contractors in a medium-sized town in Montana. Data regarding the store's operations follow:

• Sales are budgeted at $340,000 for November, $350,000 for December, and $370,000 for January.
• Collections are expected to be 55% in the month of sale, 44% in the month following the sale, and 1% uncollectible.
• The cost of goods sold is 75% of sales.
• The company desires to have an ending merchandise inventory equal to 60% of the next month's cost of goods sold. Payment for merchandise is made in the month following the purchase.
• Other monthly expenses to be paid in cash are $21,100.
• Monthly depreciation is $19,000.
• Ignore taxes.

-The cash balance at the end of December would be:

• A)$13,000
• B)$52,400
• C)$65,400
• D)$74,500

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Definitions:

Vital Signs

Critical measurements of body function, including temperature, pulse, respiration, and blood pressure, that indicate the state of a patient's health.

MRSA Positive

Indicates the presence of Methicillin-resistant Staphylococcus aureus, a type of bacteria resistant to several antibiotics, creating treatment challenges.

Nasal Culture

A test in which a sample of secretion from the nose is taken to detect the presence of bacteria, viruses, or fungi.

Susceptible Host

An individual or organism that is vulnerable or lacks resistance to an infectious agent, thus at risk of becoming infected.