Question
Plaid Jacket Corp makes fashionably fun suit jackets for men. For the first quarter of the year, Plaid Jacket Corp had the following sales forecast:
Plaid Jacket Corp makes fashionably fun suit jackets for men. For the first quarter of the year, Plaid Jacket Corp had the following sales forecast:
JANUARY | FEBRUARY | MARCH | |
UNITS: | 35,000 | 25,000 | 32,000 |
The company has a policy that requires the ending inventory in each period to be 10 percent of the following period's sales. Assuming that the company follows this policy, what quantity of production should be scheduled for February?
Group of answer choices
24,300 units
24,700 units
25,000 units
25,700 units
otal cash collections for the month of March for Snowy Dog Adventures is expected to be $1 million. Also for March, Snowy Dog. estimates that its beginning cash balance will be $50,000 and that it will borrow cash in the amount of $70,000. If Snowy Dog estimates an ending cash balance of $30,000 for March, what must its projected cash disbursements be?
Group of answer choices
$1,090,000
$1,120,000
$1,070,000
$1,020,000
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