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The following selected information was taken from Melville Ltds financial statements. Use it to answer que Melville Lid had sales in 2019 of $4,800,000. This
The following selected information was taken from Melville Ltds financial statements. Use it to answer que Melville Lid had sales in 2019 of $4,800,000. This was 400,000 units at a selling price of $12 each. In 20 sales units to increase by 15% and prices to increase by 10%. Sales are normally spread out over the ye Quarter 1: 35% Quarter 2: 30% Quarter 3: 25% Quarter 4: 10% It is company policy to carry inventory of finished goods at the end of each quarter equal to one half of sales: 6) The sales budget for 2020 will be: (1 mark) O a) $6,072,000 Ob) $5,520,000 Oc) $5,280,000 Od) $5,808,000
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