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Suppose Bookworm sells 1,800 hardcover books per day at an average price of $50. Assume that Bookworm's cost for the books is 60% of the
Suppose Bookworm sells 1,800 hardcover books per day at an average price of $50. Assume that Bookworm's cost for the books is 60% of the selling price it charges retail customers. Bookworm has no beginning inventory, but it wants to have a three-day supply of ending inventory. Assume that selling and administrative expenses are $5,400 per day. Compute Bookworm's budgeted sales for the next (seven-day) week. O A. $667,800 OB. $1,170,000 OC. $378,000 O D. $630,000
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