Question
ABC Company plans to sell 500,000 units of finished product in July and anticipates a growth rate in sales of 10% per month. The desired
ABC Company plans to sell 500,000 units of finished product in July and anticipates a growth rate in sales of 10% per month. The desired monthly ending inventory in units of finished product is 65% of the next month's estimated sales. There are 355,000 finished units in inventory on June 30. Prepare the production requirement in units of finished product for the July-October.
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Financial Management EMEA Theory And Practice
Authors: Michael Ehrhardt, Roland Fox, Eugene Brigham
2nd Edition
1473760216, 9781473760219
