A retailer operating at a 35 percent gross profit percentage expects sales of $320,000 in...
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Finance
A retailer operating at a 35 percent gross profit percentage expects sales of $320,000 in April and $350,000 in May. Company policy requires ending each month with enough inventory to cover one quarter of the next month's sales. To end April with enough inventory to produce one quarter of May sales, which of the following is the budgeted chase amount for April? OA) $208,000 OB) $212.875 OC) $264.875 OD) $327,500
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