Mercurius sells bicycles. The following data relates to the most recent quarterly sales forecast: Expected Sales (units) Target Inventory at End of Month (units) June 1,450 345 July 1,615 460 August 1,667 454 Mercurius' cost for one bicycle is $130. What dollar amount should the company budget for July purchases? (Answer without comma separators, e.g., 1000 instead of 1,000)
Mercurius sells bicycles. The following data relates to the most recent quarterly sales forecast: Expected Sales (units) Target Inventory at End of Month (units) June 1,450 345 July 1,615 460 August 1,667 454 Mercurius' cost for one bicycle is $130. What dollar amount should the company budget for July purchases? (Answer without comma separators, e.g., 1000 instead of 1,000)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Mercurius sells bicycles. The following data relates to the most recent quarterly sales
Expected Sales (units) | Target Inventory at End of Month (units) | |
June | 1,450 | 345 |
July | 1,615 | 460 |
August | 1,667 | 454 |
Mercurius' cost for one bicycle is $130.
What dollar amount should the company budget for July purchases?
(Answer without comma separators, e.g., 1000 instead of 1,000)
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