Question
JT Department Store expects to generate the following sales for the next three months: July August September Expected sales $460,000 $580,000 $600,000 JT's cost of
JT Department Store expects to generate the following sales for the next three months:
|
| July | August | September |
| Expected sales | $460,000 | $580,000 | $600,000 |
JT's cost of goods sold is 60% of sales dollars. At the end of each month, JT wants a merchandise inventory balance equal to 20% of the following month's expected cost of goods sold. What dollar amount of merchandise inventory should JT plan to purchase in August?
| A. | $257,400 | ||
| B. |
| ||
| C. | $352,800 | ||
| D. | $327,800 |
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Forecasting Volatility In The Financial Markets
Authors: Stephen Satchell, John Knight
2nd Edition
0750655151, 9780750655156
