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

Answer: 9. b. 22,300 bikes

13. c. enterprise resource planning

14. Flour

Explanation:

1. 22,000 bikes need to be sold in April.

Let x be the number of bikes required

The equation then should be;

22,000 = Opening stock + x - Closing stock

x = 22,000 - opening stock + closing stock

x = 22,000 - 1,200 + 1,500

x = 22,300 bikes.

2. Entreprise Resource Planning allows for the integration of the various functions of a company to enable faster information processing and dissemination. It therefore allows for the provision of access to real-time data from the various funcitonal areas of a company.

14. The company supplies Muffins that they bake and an input refers to the goods or services required to produce the final good. Flour is used in the banking of the muffin which is the final good hence flour must be an input.