Esther Baskets Company expects to manufacture and sell 20,000 ...

[melina_rosy]

Esther Baskets Company expects to manufacture and sell 20,000 baskets in 2016 for 5 each. There are 4,000 baskets in beginning finished goods inventory with target ending inventory of 5,000 baskets. The company keeps no work-in-process inventory.
 
  What amount of sales revenue will be reported on the 2016 budgeted income statement?
  A) 105,000
  B) 100,000
  C) 95,000
  D) 55,000

Question 2

An account in the chart of accounts is assigned a number at random.
 a. True
   b. False
   Indicate whether the statement is true or false

[meganlapinski]

Answer to Question 1

Answer: B

Answer to Question 2

False

[melina_rosy]

Thanks for the timely response, appreciate it

[momolu]

Excellent