Below is a purchasing schedule and a schedule showing the dollar amount of those purchases remaining as an inventory balance for successive months.
|
Purchases |
Feb |
Mar |
Apr |
May |
June |
|
|
Feb |
1650 |
330 |
174 |
|||
|
Mar |
2280 |
456 |
234 |
|||
|
Apr |
2880 |
576 |
302 |
|||
|
May |
3740 |
748 |
402 |
|||
|
June |
5190 |
1038 |
||||
|
NA |
630 |
810 |
1050 |
1440 |
What is the balance fraction for March (the yellow highlighted cell)?
| a. |
10.26% |
|
| b. |
10.55% |
|
| c. |
24% |
|
| d. |
20% |
Following Question 39, what is the June's balance fraction for purchases made in May (the green highlighted cell)?
| a. |
10.75% |
|
| b. |
10.49% |
|
| c. |
20% |
|
| d. |
22% |
Answer 1:
d. 20%
Explanation:
Balance fraction for March = 456 / 2280 = 20%
Hence option d is correct and other options a, b and c are incorrect.
Answer 2:
a. 10.75%
Explanation:
June's balance fraction for purchases made in May = 402 / 3740 = 10.75%
Hence option a is correct and other options b, c and d are incorrect.
Below is a purchasing schedule and a schedule showing the dollar amount of those purchases remaining...