Question
Tiger Drug Store carries a variety of health and beauty aids, including 500-count bottles of vitamins. The sales budget for vitamins for the first six
Tiger Drug Store carries a variety of health and beauty aids, including 500-count bottles of vitamins. The sales budget for vitamins for the first six months of the year is presented below.
Unit Sales | Dollar Sales | |
January | 140 | $1,260 |
February | 130 | 1,170 |
March | 150 | 1,350 |
April | 160 | 1,440 |
May | 180 | 1,620 |
June | 170 | 1,530 |
The owner of Tiger Drug believes that ending inventories should be sufficient to cover 10 percent of the next months projected sales. On January 1, 21 bottles of vitamins were in inventory.
Required:
Question Content Area
1. Prepare a merchandise purchases budget in bottles of vitamins for as many months as you can.
January | February | March | April | May | |
---|---|---|---|---|---|
Unit sales | fill in the blank | fill in the blank | fill in the blank | fill in the blank | fill in the blank |
Desired EI | fill in the blank | fill in the blank | fill in the blank | fill in the blank | fill in the blank |
Total needed | fill in the blank | fill in the blank | fill in the blank | fill in the blank | fill in the blank |
Less: BI | fill in the blank | fill in the blank | fill in the blank | fill in the blank | fill in the blank |
Unit purchases | fill in the blank | fill in the blank | fill in the blank | fill in the blank | fill in the blank |
Question Content Area
2. If vitamins are priced at cost plus 80 percent, what is the dollar cost of purchases for each month of your purchases budget?
January | $fill in the blank |
February | fill in the blank |
March | fill in the blank |
April | fill in the blank |
May | fill in the blank |
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