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Buffalo Company's budgeted sales and budgeted cost of goods sold for the coming year are $131,410,000 and $99,360,000, respectively. Short-term interest rates are expected to
Buffalo Company's budgeted sales and budgeted cost of goods sold for the coming year are $131,410,000 and $99,360,000, respectively. Short-term interest rates are expected to average 10%. If Buffalo can increase inventory turnover from its present level of 9 times a year to a level of 10 times per year. Compute its expected cost savings for the coming year. Expected Cost Savings $
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