Question

9 Wheeling Company produces and sells bikes. It expects to sell 22,000 bikes in the month of April. It had 1,200 bikes in Finished Goods Inventory at the end of March. Wheeling Company would like to complete operations in the month of April with at least 1,500 completed bikes in inventory. The bikes sell for $100 each. How many bikes would Wheeling need to produce in April? a. 19,700 bikes c. 18,800 bikes b. 22,300 bikes d. 20,300 bikes

13) The _________ system is an integrated system capable of providing access to real-time data from the various funcitonal areas of a company. a. lean accounting management b. operational control information c. enterprise resource planning d. financial management information

14)In a company that supplies muffins to bakeries, which of the following would be considered an input? a. cashier c. delivered muffins b. flour d. None of the above

Answer 1

Ans 9:

Target sales of bikes for April = 22,000

Add: Desired inventory at the end of April = 1500

less: Opening inventory at the beginning of April = (1200)

Number of bikes the company needs to produced in April = (22000 + 1500 - 1200) = 22,300.

Hence, correct option is option (b) 22,300 bikes.

Ans 13:

ERP or Enterprise Resource Planning system is an integrated system capable of providing access to real-time data from the various functional areas of a company. Hence, correct option is option (c) enterprise resource planning.

Ans 14:

Since the company supplies muffins to bakeries, an input for the company will be something that is used to make muffins and we know that flour is used to make muffins. So, correct option is option (b) flour.