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# How much cash is paid in August for pepper purchases rounded to the nearest dollar

How much cash is paid in August for pepper purchases (rounded to the nearest dollar)?

a.\$8,435

b.\$8,900

c.\$9,963

d.\$21,088

Gentry Company produces speaker systems for trucks. Gentry expects to sell 20,000 units in January, 25,000 units in February, and 22,000 units in March. Each unit is priced at \$45. Gentry’s desired ending inventory is 25% of the following month’s sales. That requirement was met on January 1.

Each speaker system requires two boxes and 10 metres of wire. Boxes cost \$5 each, and wire is \$0.90 per metre. Gentry’s desired ending raw materials inventory is 30% of the following month’s production needs. On January 1, Gentry had 9,000 boxes and 100,000 metres of wire in inventory.

82.Refer to Gentry Company. What is Gentry’s expected sales revenue for February?

a.\$45

b.\$20,000

c.\$900,000

d.\$1,125,000

83.Refer to Gentry Company. How many units does Gentry expect to produce in February?

a.20,000

b.23,750

c.24,250

d.25,000

84.Refer to Gentry Company. How many boxes does Gentry expect to purchase in January?

a.14,550

b.42,500

c.48,050

d.48,500

Pallen Company estimated sales of 11,000 units at \$40 each, unit cost of goods sold of \$22, marketing expense of \$65,000, and a 10% commission on the price for each unit sold. Administrative expense is budgeted at \$50,000.

85.Refer to Pallen Company. What is Pallen’s budgeted marketing expense?

a.\$39,000

b.\$65,000

c.\$84,000

d.\$109,000

86.Refer to Pallen Company. What is Pallen’s budgeted operating income?

a.\$39,000

b.\$83,000

c.\$198,000

d.\$281,000

Mar 13 2020 View more View Less