JT Department Store expects to generate the following sales for the next three months: July August September
Fantastic news! We've Found the answer you've been seeking!
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 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 |
Related Book For
Dynamic Business Law
ISBN: 9781260733976
6th Edition
Authors: Nancy Kubasek, M. Neil Browne, Daniel Herron, Lucien Dhooge, Linda Barkacs
Posted Date: