Haggle Corporation, a Wholesaler, Has a Sales Budget for Next

Multiple Choice

Haggle Corporation, a wholesaler, has a sales budget for next month of $300,000.Cost of units sold is expected to be 40% of sales.All units are paid for in the month following purchase.The beginning inventory of units is $10,000, and an ending amount of $12,000 is desired.Beginning accounts payable is $76,000. The ending balance in accounts payable for next month will be _____.

A) $122,000
B) $120,000
C) $118,000
D) $78,000