Cycles manufactures chainless bicycles. On March 31, Trapper Cycles had 214 bikes in inventory. The company has a policy that the ending inventory in any month must be 20 % of the following month's expected sales. Trapper Cycles expects to sell the following number of bikes in each of next four months:

April. . . . . . . . . . . . . . . . . . . .1,060 bikes

May. . . . . . . . . . . . . . . . . . . .1,140 bikes

June. . . . . . . . . . . . . . . . . . . .1,340 bikes

July. . . . . . . . . . . . . . . . . . . . .1,270 bikes

Prepare a production budget for the second quarter, with a column for each month and for the quarter.

cognitive overload: having a lot on your mind impairs decision-making and tends to result in the simplest, but not necessarily best, option being selected.

empathy gaps: overlooking how you might feel in a different situation can result in unnecessary purchases, such as overbuying when shopping for food on an empty stomach.

optimism and overconfidence: wearing rose-tinted glasses and having unrealistic expectations about the future can affect money management and leave you unprepared for a change in circumstance.

instant gratification: seeking instant gratification drives impulsive spending and can undermine long-term planning and savings.

harmful habits: automatic or mindless behaviour can amplify a poor financial decision as it becomes a recurring event.

social norms: we are heavily influenced by the actions of others; while this can be in certain circumstances, it also contributes to the pressure to keep up with the joneses through conspicuous consumption.

they work in some type of way

answer; situational irony;