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bernie2981 bernie2981
wrote...
Posts: 3810
8 years ago
Jolly Company produces hula hoops. Jolly Company has the following sales projections for the upcoming year:

First quarter budgeted hula hoop sales in units   22,100
Second quarter budgeted hula hoop sales in units   28,000
Third quarter budgeted hula hoop sales in units   22,000
Fourth quarter budgeted hula hoop sales in units   30,000

Jolly Company wants to have 25% of the next quarter's sales in units on hand at the end of each quarter. Inventory at the beginning of the year was 5,525 hula hoops. How many hula hoops should Jolly Company produce during the first quarter?
A) 34,625
B) 16,575
C) 23,575
D) 22,100
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
Author:
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nucleinuclei
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Posts: 2158
8 years ago
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bernie2981 Author
wrote...
8 years ago
Answers my question perfectly.
wrote...
6 years ago
ok
wrote...
3 years ago
thank you
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