--%>
Assignment Help - homework help

Problem on inventory merchandise

AB Department Store expects to generate the following sales figures for the next three months:
                             July         August     September
Expected sales    $480,000    $690,000    $540,000

AB's Cost of Goods Sold are 65% of sales dollars. At the end of each month, AB wants a merchandise inventory balance equal to 40% of the following month's expected sales, stated at cost. What amount of dollar merchandise inventory should AB plan to purchase in August?

A) $422,730
B) $345,870
C) $409,500
D) $384,300

   Related Questions in Mathematics

  • Q : Budgeted cash disbursements The ABC

    The ABC Company, a merchandising firm, has budgeted its action for December according to the following information: • Sales at $560,000, all for cash. • The invoice cost for goods purc

    		•
  • Q : Linear programming model of a Cabinet

    A cabinet company produces cabinets used in mobile and motor homes. Cabinets produced for motor homes are smaller and made from less expensive materials than those for mobile homes. The home office in Dayton Ohio has just distributed to its individual manufacturing ce

    		•
  • Q : Theorem-Group is unique and has unique

    Let (G; o) be a group. Then the identity of the group is unique and each element of the group has a unique inverse.In this proof, we will argue completely formally, including all the parentheses and all the occurrences of the group operation o. As we proce

    		•
  • Q : Problem on mixed-strategy equilibrium

    Assume three Offices (A, B, & C) in downtown,  simultaneously decide whether to situate in a new Building. The payoff matrix is illustrated below. What is (are) the pure stratgy Nash equilibrium (or equilibria) and mixed-strtegy equilibrium of the game?

    		•
  • Q : Logic and math The homework is attached

    The homework is attached in the first two files, it's is related to Sider's book, which is "Logic for philosophy" I attached this book too, it's the third file.

    		•
  • Q : Problem on mass balance law Using the

    Using the mass balance law approach, write down a set of word equations to model the transport of lead concentration. A) Draw a compartmental model to represent  the diffusion of lead through the lungs and the bloodstream.

    		•
  • Q : Problem on augmented matrix Consider

    Consider the following system of linear equations.  (a) Write out t

    		•
  • Q : Properties for polynomial Specify the

    Specify the important properties for the polynomial.

    		•
  • Q : Area Functions & Theorem Area Functions

    Area Functions 1. (a) Draw the line y = 2t + 1 and use geometry to find the area under this line, above the t - axis, and between the vertical lines t = 1 and t = 3. (b) If x > 1, let A(x) be the area of the region that lies under the line y = 2t + 1 between t

    		•
  • Q : Uniform scaling what is uniform scaling

    what is uniform scaling in computer graphic

    		•