This Question: 322 of 49 (31 complete)his Test: 150 pt 14. Candy Company is a sp

Question

This Question: 322 of 49 (31 complete)his Test: 150 pt 14. Candy Company is a sporting goods store. The company sells a tent that sleeps si people. The store expects to sell 310 tents in 2018 and 390 tents in 2019. At the beginning of 2018, Candy Company has 40 tents in Merchandise Inventory and desires to have 30% of the next year's sales available at the end of the year. How many tents will Candy Company need to purchase in 2018? Begin by selecting the labels, then enter the amounts to compute the budgeted tents to be purchased Plus: Total tents needed Less Budgeted tents to be purchased Choose from any list or enter any number in the input tields and then continue to the ? next question

Explanation / Answer

Expected Tents to Sell in

2018 = 310 tents

2019 = 390 tents

Merchandise Inventory at beginning of the 2018 = 40 tents

Desired Merchandise Inventiry at End of the 2018 = 30% of next year sale

= 390 * 30%

= 117 tents

Calculation of Budgeted tents Purchaseed in 2018 :-

Particulars No. of Tents Budgeted Tents to be sold in 2018 310 Plus : Desired Ending Invenotry(Calculation Above) 117 Total Tents Needed 427 Less : Tents in Beginning Invenotry (40) Budgeted tents Purchased 387

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