Solved

Copper, Inc

Question 155

Multiple Choice

Copper, Inc.'s intern was preparing the cash budget for May.Copper's beginning inventory was $12,600 and its ending inventory was $12,000.If cost of goods sold is 55% of sales, what was the amount of budgeted monthly sales (if necessary, round your answer to the nearest dollar) ? Copper, Inc.'s intern was preparing the cash budget for May.Copper's beginning inventory was $12,600 and its ending inventory was $12,000.If cost of goods sold is 55% of sales, what was the amount of budgeted monthly sales (if necessary, round your answer to the nearest dollar) ?   A) $350,000 B) $243,000 C) $240,818 D) $73,508


A) $350,000
B) $243,000
C) $240,818
D) $73,508

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents