Question 5

A business plans to sell 33,000 units during the month of May. The company plans to maintain 2,500 units in stock at the end of every month. The opening stock for May is expected to be 1,200 units.

How many units must be produced during May?

A 33,000 units

B 31,700 units

C 34,300 units

D 35,500 units

Question 6

The impairment of a company asset due to COVID-19 and the resulting social lock-downs would be reflected in the _________________ as a reduction in assets, and as a __________________ impact upon Net Income.

A Balance Sheet ; negative cash

B Income Statement ; negative non-cash

C Balance Sheet ; negative non-cash

D Income Statement ; negative cash