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Can someone help me with this? Ch 7 1. The inventory policy is to have ending inventory equal to 20% of next month's sales. January
Can someone help me with this?
Ch 7 1. The inventory policy is to have ending inventory equal to 20% of next month's sales. January February March Desired ending inventory ? ? 30 Beginning inventory ? ? ? Budgeted sales ? 100 120 Budgeted production ? ? ? Compute budgeted production for February and March. 2. Budgeted sales revenue is: January $720,000 February S650.000 March $500,000 You collect 80% of a month's sales in the month of the sale and 20% in the following month. Compute expected cash inflows for FebruaryStep by Step Solution
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