3-19 Jamie's Hat Shop sells hats with college logos on them; the hats sell for $22 each. This year, Jamies expects to sell 350 hats in May, 300 in June, 400 in July, 800 in August, 1,040 in september, and 750 in October. On average, 25 percent of its customers purchase on credit . Jaime's allows those customers to pay for their purchases the month after they have made their purchases.

Refer to 3-19- Jamies ended the second quarter for this year with 60 hats on hand.

Notice that Jaimes ended the second quarter with less than 20 percent of projected sales for July. What do you think accounts for the difference? How many hats should Jaimes purchase in July?