The Waller Merchandise Company (a retailer) has budgeted $100,000 in sales for the month of December. The
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Question:
The Waller Merchandise Company (a retailer) has budgeted $100,000 in sales for the month of December. The company's gross
margin % is 26%. The company wants to increase inventory by $5,500 during the month. Compute Waller's budgeted purchases for
December.
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