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Assume Nike has the following sales and production budget for a line of shoes: January February March Sales 5,000 pair of shoes 7,000 pair of
Assume Nike has the following sales and production budget for a line of shoes:
January | February | March | |
Sales | 5,000 pair of shoes | 7,000 pair of shoes | 6,500 pair of shoes |
Production | 5,200 pair of shoes | 7,500 pair of shoes | 6,700 pair of shoes |
Assume Nike uses 5 feet of string for laces per pair of shoes. Nike wants to have 19% of extra feet of string on hand at the end of each month. How many feet of string should Nike budget in its raw material budget for February.
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