SCussions Grades Assignments& Exams Surveys Groups EXAM 2 Quiz e Left: 1:00:27 C

Question

SCussions Grades Assignments& Exams Surveys Groups EXAM 2 Quiz e Left: 1:00:27 Casey Follmer: Attempt 1 Question 16 (4 points) y, a retailler, has budgeted sales for the next year as follows: first quarter, 80,000 units; second quarter 100,000 units. The inventory in hand at the beginning of qua the next quarter's sales. Calculate the budgeted inventory purchases for the first quarter. rter is 20,000 units. The desired ending inventory for a quarter is 25% of O a) 105,000 units O b) 85,000 units O c) 75,000 units O d) 80,000 units Save

Explanation / Answer

Budgeted inventory purchase for quarter = budgeted sales for qtr 1 + desired ending inventories -opening stock

= 80000 unit+ (100000*25%) -20000 units

= 85000 units

ANSWER IS B 85000 Units

The company shall purchase 85000 units for quarter 1.

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