n January, P75,000 in February, and P80,000 in March. Florida wants to have 25% of next month’s sales needs on hand at the end of a month. If Florida has an average gross profit of 40%, what are the February purchases?

n January, P75,000 in February, and P80,000 in March. Florida wants to have 25% of next month’s sales needs on hand at the end of a month. If Florida has an average gross profit of 40%, what are the February purchases?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter7: Budgeting

Section: Chapter Questions

Problem 14EA: Halifax Shoes has 30% of its sales in cash and the remainder on credit. Of the credit sales, 65% is...

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