Metro, inc. sells backpacks.
the company's accountant is preparing the purchases budget for the first quarter of operations.
metro maintains ending inventory at 20% of the following month's expected cost of goods sold.
expected cost of goods sold for april is $70,000.
all purchases are made on account with 25% of accounts paid in the month of purchase and the remaining 75% paid in the month following the month of purchase:

sales january february march
budgeted cost of goods sold $40,000 $50,000 $60,000
plus: desired ending inventory 10,000
inventory needed 50,000
less: beginning inventory (8,000)
required purchases $42,000

required:

1. based on this information, the total cash paid in march to settle accounts payable is:

a) $39,000.
b) $15,500.
c) $62,000.
d) $54,500.

2. the amount of accounts payable appearing on the march 31 pro forma balance sheet is:

a) $15,500.
b) $46,500.
c) $62,000.
d) none of the above.

According to the law of demand, there is an inverse relationship between price and quantity demanded. that is, the demand curve for goods and services slopes downward. why?

Cooper sues company a in state court in south carolina, where he lives, for negligence alleging personal injury and property damage of $100,000 after a truck driven by an employee of company a rear-ended his pickup truck. company a is incorporated in delaware, has its headquarters in new york, but does a substantial amount of business in south carolina. claiming diversity of citizenship, company a seeks removal to federal district court, but cooper opposes the motion. which of the following is true regarding whether the case may be properly removed to federal district court? the amount in controversy satisfies diversity requirements; and if company a's nerve center is in a state other than south carolina, then the case may be properly removed to federal court. the amount in controversy satisfies diversity requirements; and because company a is incorporated and has its headquarters in a state other than south carolina, the case may be properly removed to federal court. because the amount in controversy satisfies diversity requirements and company a is incorporated in a state other than south carolina, the case may be properly removed to federal court regardless of where company a's headquarters, nerve center, or principal place of business is located. because the amount in controversy satisfies diversity requirements and company a is headquartered in a state other than south carolina, the case may be properly removed to federal court regardless of where company a is incorporated and regardless of the location of its nerve center. because the amount in controversy fails to satisfy jurisdictional requirements, regardless of the location of company a, the case may not be removed to federal court.

According to management education expert ashok rao, companies can increase their profitability by through careful inventory management. a. 5% to 10% b. 10% to 25% c. 20% to 50% d. 75%