--%>
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 : Simulation with Arena An office of

    An office of state license bureau has two types of arrivals. Individuals interested in purchasing new plates are characterized to have inter-arrival times distributed as EXPO(6.8) and service times as TRIA(808, 13.7, 15.2); all times are in minutes. Individuals who want to renew or apply for a new d

    		•
  • Q : Numerical solution of PDE i want you to

    i want you to solve this assignment. this consist of two parts theoretical and coding. the code has to be created by you. no modified or copying code. you have to mention the exact solution and the proportion error. also you have to explain the sketch that you get from the code. these information

    		•
  • Q : Relationships Between Data Introduction

    Relationships Between Data - Introduction to Linear Regression Simple Regression Notes If you need guidance in terms of using Excel to run regressions, check pages 1 - 10 of the Excel - Linear Regression Tutorial posted to th

    		•
  • Q : Law of iterated expectations for

     Prove the law of iterated expectations for continuous random variables. 2. Prove that the bounds in Chebyshev's theorem cannot be improved upon. I.e., provide a distribution that satisfies the bounds exactly for k ≥1, show that it satisfies the bounds exactly, and draw its PDF. T

    		•
  • Q : Containee problem For queries Q 1 and Q

    For queries Q1 and Q2, we say Q1 is containedin Q2, denoted Q1 C Q2, iff Q1(D) C Q2

    		•
  • Q : Explain Factorisation by Fermats method

    Factorisation by Fermat's method: This method, dating from 1643, depends on a simple and standard algebraic identity. Fermat's observation is that if we wish to nd two factors of n, it is enough if we can express n as the di fference of two squares.

    		•
  • Q : Problem on Linear equations Anny, Betti

    Anny, Betti and Karol went to their local produce store to bpought some fruit. Anny bought 1 pound of apples and 2 pounds of bananas and paid $2.11.  Betti bought 2 pounds of apples and 1 pound of grapes and paid $4.06.  Karol bought 1 pound of bananas and 2

    		•
  • Q : Probability and Stochastic assignment

    Introduction to Probability and Stochastic Assignment 1: 1. Consider an experiment in which one of three boxes containing microchips is chosen at random and a microchip is randomly selected from the box.

    		•
  • Q : Statistics Caterer determines that 37%

    Caterer determines that 37% of people who sampled the food thought it was delicious. A random sample of 144 out of population of 5000. The 144 are asked to sample the food. If P-hat is the proportion saying that the food is delicious, what is the mean of the sampling distribution p-hat?

    		•