Question
Berol Company plans to sell 180,000 units of the finished product in July and anticipates a growth rate in sales of 5% per month. The
Berol Company plans to sell 180,000 units of the finished product in July and anticipates a growth rate in sales of 5% per month. The desired monthly ending inventory in units of the finished product is 80% of the next month's estimated sales. There are 150,000 finished units in inventory on June 30. Compute the production requirement in units of the finished product for July-October.
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
15th edition
77861612, 1259194078, 978-0077861612, 978-1259194078
