Question
1. Alexander Merchandising Company has the following information for the following months in fiscal year 2012. (5pts) Month Budget Sales June Birr 80,000 July 70,000
1.Alexander Merchandising Company has the following information for the following months in fiscal year 2012. (5pts)
Month
Budget Sales
June
Birr 80,000
July
70,000
August
65,000
September
55,500
October
75,500
In addition, the gross profit rate is 45% and the desired inventory level is 40% of the next month`s cost of sales.
Required:
a)Prepare purchases budget for July through September.
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The Credit Risk Of Complex Derivatives
Authors: Erik Banks
3rd Edition
1403916691, 9781403916693
