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Suppose StoreRUs sells 2,000 hardcover books per day at an average price of $100. Assume that StoreRUs's cost for the books is 70% of the
Suppose StoreRUs sells 2,000 hardcover books per day at an average price of $100. Assume that StoreRUs's cost for the books is 70% 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 $6,000 per day. Determine StoreRUs's budgeted purchases for the next (seven-day) week. O A. $1,400,000 B. $560,000 C. $980,000 D. $2,000,000
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