The following are budgeted data:

January February March
Sales in units 16,600 23,200 19,600
Production in units 19,600 20,600 19,300

One pound of material is required for each finished unit. The inventory of materials at the end of each month should equal 25% of the following month's production needs.

Purchases of raw materials for February would be budgeted to be:

a.20,925 pounds

b.20,575 pounds

c.20,275 pounds

d.18,325 pounds

What is a sort of auction for stocks in which traders verbally submit their offers?

James albemarle created a trust fund at the beginning of 2016. the income from this fund will go to his son edward. when edward reaches the age of 25, the principal of the fund will be conveyed to united charities of cleveland. mr. albemarle specified that 75 percent of trustee fees are to be paid from principal. terry jones, cpa, is the trustee. james albemarle transferred cash of $500,000, stocks worth $400,000, and rental property valued at $250,000 to the trustee of this fund. immediately invested cash of $360,000 in bonds issued by the u.s. government. commissions of $7,900 are paid on this transaction. incurred permanent repairs of $9,000 so that the property can be rented. payment is made immediately. received dividends of $8,000. of this amount, $3,000 had been declared prior to the creation of the trust fund. paid insurance expense of $4,000 on the rental property. received rental income of $10,000. paid $8,000 from the trust for trustee services rendered. conveyed cash of $7,000 to edward albemarle.

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