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Boone Hobbies, a wholesaler, has a sales budget for next month of $600,000. Cost of units sold is expected to be 40 percent of sales.

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Boone Hobbies, a wholesaler, has a sales budget for next month of $600,000. Cost of units sold is expected to be 40 percent of sales. All units are paid for in the month following purchase. The beginning inventory of units is $20,000, and an ending amount of $24,000 is desired. Beginning accounts payable is $152,000. Boone Hobbies should budget cash used to pay accounts payable for the month totalling Select one: O a. $240,000. O b. $244,000. O c. $156,000. O d. $148,600. O e. $152,000

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