Question
Coombs Fashions forecasts sales of $130,000 for the quarter ended December 31. Its gross profit rate is 10% of sales, and its September 30 inventory
Coombs Fashions forecasts sales of $130,000 for the quarter ended December 31. Its gross profit rate is 10% of sales, and its September 30 inventory is $35,000. If the December 31 inventory is targeted at $44,000, budgeted purchases for this quarter should be:
Multiple Choice
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$108,500.
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$126,000.
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$108,000.
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$139,000.
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$13,000.
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Political Standards
Authors: Karthik Ramanna
1st Edition
022652809X, 9780226528090
