please explain the answer ages expense ollowing information to answer questions

Question

please explain the answer

ages expense ollowing information to answer questions 10 and 11. Mallcentral sells 1,000 hardcover books per day at an average price of $30 hat Mal!central's cost for the books is 75% of the selling price it charges retail rs. Mallcentral has no beginning inventory, but it wants to have a three-day supply Use the customers. Mall fending inventory. Assume that selling and administrative expenses are $1,000 per day. 10. Compute Mallcentral's budgeted sales for the next (seven-day) week. a. $157,500 b. $217,000 c. $435,000 d. $210 11. Determine Mallcentral's budgeted purchases for the next (seven-day) week. c. $157,500 d. $75,000 a. $300,000 b. $225,000

Explanation / Answer

10) Budgeted sale for the next (seven day) week : (1000*7*30) = $210000

so answer is d) $210000

11 Budgeted purchases for the next (seven-day) week...

Purchase = Ending inventory+Sales-Beginning inventory

               = 3000+7000-0

Purchase = 10000

Cost of per books = 30*75%=22.50

Budgeted purchase = 225000

so answer is b) $225000

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