Compute Amazon's budgeted sales for the next (seven-day) week. a. ($ 52.5) million b. ($ 210) million

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Compute Amazon's budgeted sales for the next (seven-day) week.

a. \(\$ 52.5\) million

b. \(\$ 210\) million

c. \(\$ 220.5\) million

d. \(\$ 367.5\) million 

Suppose Amazon.com sells 1 million hardback books a day at an average price of \(\$ 30\). Assume that Amazon's purchase price for the books is \(60 \%\) of the selling price it charges customers. Amazon has no beginning inventory, but for ending inventory Amazon wants to have a threeday supply. Assume that operating expenses are \(\$ 1\) million per day.

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Accounting

ISBN: 9780132439602

7th Edition

Authors: Charles T. Horngren, Walter T. Harrison

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