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Question 13 2 pts The Good Sports Store (GSS) is a merchandising company with retail stores located throughout Australia. It sources the sporting goods
Question 13 2 pts The Good Sports Store (GSS) is a merchandising company with retail stores located throughout Australia. It sources the sporting goods that it sells in its stores from suppliers based in Australia and abroad. Data from GSS's budget for one of its most popular products (the Product) for the two upcoming quarters i.e., Quarter 1 and Quarter 2 of 2023 are as follows: The Product Q1 Q2 Budgeted sales in units 50,000 55,000 Budgeted selling price per $4.00 $4.00 unit Other information on the Product: Purchases from its suppliers are to take place in the same quarter during which sales are expected to be made Sales dollars is expected to grow by 10% each quarter in 2023 (compared to the prior quarter) Selling price per unit is expected to remain unchanged in 2023 Budgeted ending inventory for each quarter: 5% of next quarter's sales in units Inventory at the end of Q4 of the previous year: 7,000 units The number of units of the Product that GSS expects to buy from its suppliers in Quarter 2, 2023 is closest to: 55,000 units 54,725 units 55,275 units 48,275 units O 62,275 units
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