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Question - Planktons has budgeted sales for the next four months as follows:
Budgeted Sales in Units
July 8,600 units
August 7,300 units
September 4,900 units
October 6,400 units
Past experience has shown that the ending inventory for each month should be equal to 19% of the next month's expected sales in units.
The company is currently preparing a production budget.
Calculate the total number of units budgeted to be produced in September.
After the distribution, Elsie's bases in the accounts receivable, inventory, and partnership interest are:
What do you think are the ethical implications of Bill's actions? Which ratios will be improved by accelerating these sales?
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