Motorcycle Manufacturers, Inc., projected sales of 54,500 machines for the year. The estimated January 1 inventory is 6,860 units, and the desired December 31 inventory is 7,420 units. The budgeted production for the year is ___.
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On January 1, 2016, Brubeck Company purchased equipment and signed a six-year mortgage note for $160,000 at 15%. The note will be paid in equal annual installments of $42, 278, beginning January 1, 2017.
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