Boone Hobbies, a Wholesaler, Has a Sales Budget for Next

Boone Hobbies, a wholesaler, has a sales budget for next month of $600,000.Cost of units sold is expected to be 40 percent of sales.All units are paid for in the month following purchase.The beginning inventory of units is $20,000, and an ending amount of $24,000 is desired.Beginning accounts payable is $152,000.Boone Hobbies should budget cash used to pay accounts payable for the month totalling

A) $244,000.
B) $240,000.
C) $156,000.
D) $152,000.
E) $148,600.

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