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Suppose StoreRUs sells 1,500 hardcover books per day at an average price of $40. Assume that StoreRUs's cost for the books is 55% of the
Suppose StoreRUs sells 1,500 hardcover books per day at an average price of $40. Assume that StoreRUs's cost for the books is 55% of the selling price it charges retail customers. StoreRUs has no beginning inventory, but it wants to have a three-day supply of ending inventory. Assume that selling and administrative expenses are $3,000 per day. Determine StoreRUs's budgeted purchases for the next (seven-day) week. A. $231,000 B. $132,000 C. $600,000 D. $330,000
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