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QUESTION 4 Amanda Inc. manufactures horse riding outfits, which it sells to specialty retailers for $100 each. Management's policy is to maintain ending inventory levels
QUESTION 4 Amanda Inc. manufactures horse riding outfits, which it sells to specialty retailers for $100 each. Management's policy is to maintain ending inventory levels equal to 10% of the next month's projected sales. Amanda sold 65,000 outfits in March and projects to sell 70,000 in April and 80,000 in May and 90,000 in June. How much sales revenue is budgeted for April (select letter from options below)? A. $7,500,000 B. $8,300,000 C. $9,000,000 D. $6,500,000 E. $8,000,000 F. $7,000,000 G. $9,500,000 How many outfits should Amanda produce in May (select letter from options below)? A. 70,000 B. 80,000 C. 65,500 D. 81,000 E. 71,000 F. 90,000 G. 65,000
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