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Jemima's Outfits has a store in Dixie Outlet Mall. Jemima's Outfits specializes in high-class ladies fashions and sells complete outfits for a uniform price of
Jemima's Outfits has a store in Dixie Outlet Mall. Jemima's Outfits specializes in high-class ladies fashions and sells complete outfits for a uniform price of $75 each. At the beginning of 2020, it had 800 outfits in inventory. Jemima's Outfits intended to reduce its inventory to 500 outfits by the end of the year. Outfits cost $50 each and are marked up by 50% to get the selling price of $75. The sales budget was to sell 6,000 outfits. The budgeted sales revenue for 2020 was O a. $300,000 O b. $660,000 O c. $600,000 O d. $450,000 e. none of the above
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