Karen is a managing partner at a firm and is handling the sales and marketing group. She is currently busy in a new product launch. Sales for the new product are expected to be 200 units in July and 320 units in August. Inventory purchases are made at the beginning of the month, and the firm has a policy to stock 10% of the next month's sales in FG inventory. The cost of the product to the company is $200 per unit, and after a careful analysis, Karen has decided to sell the product at a profit margin of 40%. Karen is expecting a sales return of 7% and factored in a prompt payment discount of 1.5% from its suppliers by paying within the discounted period of 15 days. Determine the budgeted cash payments for the merchandise purchases made in July. $42456$42400$46400$45704 Attempts: 0 of 1 used Donald is in the furniture business. He observed increasing demand for office chairs, and strongly anticipates even better results in the next quarter. Donald decides to reconsider his production plans, and he comes up with the following production budget for the second quarter: Donald determines that every unit needs 2 hours of direct labor (DL) time. He pays $22 per hour to his daily wage workers. Considering the given information, which of the following is correct