Determine Amazon.coms budgeted purchases for the next (seven-day) week. a. $220.5 million b. $315 million c. $367.5
Question:
Determine Amazon.com’s budgeted purchases for the next (seven-day) week.
a. $220.5 million
b. $315 million
c. $367.5 million
d. $525 million Suppose Amazon.com sells 1 million hardcover books a day at an average price of $30 and 1.5 million paperback books a day at an average price of $15. Assume that Amazon.corn’s purchase price for the books is 60% of the selling price it charges retail customers. Amazon.com has no beginning inventory, but it wants to have a three-day supply of ending inventory. Assume that operating expenses are $0.5 million per day.
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