Textiles Company Plans to Produce 50 000 Units Per Month

question 53

Multiple Choice

Textiles Company plans to produce 50 000 units per month during 2019. Sales are projected at 40 000 for January and will increase 2% per month thereafter. There are 15000 units on hand at 1 January 2019. How many units will be on hand at 28 February 2019?

• A) 50 000
• B) 40 000
• C) 35 000
• D) 34 200

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Definitions:

Potted Plant

A plant that is grown or displayed in a pot or other container, rather than planted in the ground.

Liability

Anything that is owed to other people or institutions.

Stockholders

Individuals or entities that own shares in a corporation, making them partial owners of the company and entitling them to dividends and voting rights.

Profits

The financial gain obtained when the revenues generated from business activities exceed the expenses, taxes, and costs.