Solved: Totz company produces jump ropes how many jump ropes should, Accounting Basics

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Totz company produces jump ropes how many jump ropes should

Question - Totz Company produces jump ropes. Totz Company has the following sales projections for the upcoming year:

First quarter budgeted jump rope sales in units - 21,000

Second quarter budgeted jump rope sales in units - 35,000

Third quarter budgeted jump rope sales in units - 22,000

Fourth quarter budgeted jump rope sales in units - 30,000

Inventory at the beginning of the year was 4,200 jump ropes. Totz Company wants to have 20% of the next quarter's sales in units on hand at the end of each quarter.

How many jump ropes should Totz Company produce during the first quarter?

A) 23,000

B) 21,000

C) 32,000

D) 16,800

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Accounting Basics: Totz company produces jump ropes how many jump ropes should

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