Q 8

Linda is a managing partner at a rm and is handling the sales and marketing group. She is currently" busy in a new product launch. Sales for the new product are expected to be 240 units in July and 290 units in August. Inventory purchases are made at the beginning of the month, and the rm has a policy to stock 10% of the next month's sales in F6 inventory. The cost of the product to the company is $200 per unit, and after a careful analysis, Linda has decided to sell the product at a protmargin of 40%. Linda is expecting a sales return of 7% and factored in a prompt payment discount of 1.5% from its suppliers by paying within the discounted period of 15 days. Determine the budgeted cash payments for the merchandise purchases made in July. 0 $49227 O $52993 O $49000 O $53800