--%>
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 : What is Big-O hierarchy The big-O

    The big-O hierarchy: A few basic facts about the big-O behaviour of some familiar functions are very important. Let p(n) be a polynomial in n (of any degree). Then logbn is O(p(n)) and p(n) is O(an<

    		•
  • Q : Competitive equilibrium 8. Halloween is

    8. Halloween is an old American tradition. Kids go out dressed in costume and neighbors give them candy when they come to the door. Spike and Cinderella are brother and sister. After a long night collecting candy, they sit down as examine what they have. Spike fi

    		•
  • 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 : Define terms Terms : Terms are defined

    Terms: Terms are defined inductively by the following clauses.               (i) Every individual variable and every individual constant is a term. (Such a term is called atom

    		•
  • Q : Calculus I need it within 4 hours. Due

    I need it within 4 hours. Due time March 15, 2014. 3PM Pacific Time. (Los Angeles, CA)

    		•
  • Q : Econ For every value of real GDP,

    For every value of real GDP, actual investment equals

    		•
  • 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 : Examples of groups Examples of groups:

    Examples of groups: We now start to survey a wide range of examples of groups (labelled by (A), (B), (C), . . . ). Most of these come from number theory. In all cases, the group axioms should be checked. This is easy for almost all of the examples, an

    		•
  • Q : Problem on sales and budget XYZ Farm

    XYZ Farm Supply data regarding the store's operations follow: • Sales are budgeted at $480,000 for November, $430,000 for December, and $340,000 for January. • Collections are expected

    		•
  • 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.

    		•