Terrence Corporation plans to sell 35,000 units of its single product in March. The company has 2,200 units in its March 1 finished-goods inventory and anticipates having 1,800 completed units in inventory on March 31. On the basis of this information, how many units does Terrence plan to produce during March

Budgeted production in units = 34,600 units.

Explanation:

Budgeted production in units = Budgeted sales + Ending finished goods inventory - Beginning finished goods inventory

Given,

Budgeted sales = 35,000 units

Ending finished goods inventory = 1,800 units

Beginning finished goods inventory = 2,200 units

Putting the values into the formula, we can get

Budgeted production in units = Budgeted sales + Ending finished goods inventory - Beginning finished goods inventory

or, Budgeted production = 35,000 + 1,800 - 2,200

or, Budgeted production = 36,800 - 2,200

or, Budgeted production = 34,600 units.

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.

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