Robust Resources expects to sell 440 units of Product A and 390 units of Product B each day at an average price of $20.00 for Product A and $34.00 for Product B. The expected cost for Product A is 38% of its selling price and the expected cost for Product B is 58% of its selling price. Robust Resources has no beginning inventory, but it wants to have a four−day supply of ending inventory for each product. Compute the company's budgeted sales for the next (seven−day) week. (Round the answer to the nearest dollar.) A. $88,240 B. $11,035 C. $154,420 D. $22,060
Robust Resources expects to sell 440 units of Product A and 390 units of Product B each day at an average price of $20.00 for Product A and $34.00 for Product B. The expected cost for Product A is 38% of its selling price and the expected cost for Product B is 58% of its selling price. Robust Resources has no beginning inventory, but it wants to have a four−day supply of ending inventory for each product. Compute the company's budgeted sales for the next (seven−day) week. (Round the answer to the nearest dollar.) A. $88,240 B. $11,035 C. $154,420 D. $22,060
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Robust Resources expects to sell
440
units of Product A and
390
units of Product B each day at an average price of
$20.00
for Product A and
$34.00
for Product B. The expected cost for Product A is
38%
of its selling price and the expected cost for Product B is
58%
of its selling price. Robust Resources has no beginning inventory, but it wants to have a
four−day
supply of ending inventory for each product. Compute the company's budgeted sales for the next
(seven−day)
week. (Round the answer to the nearest dollar.)$88,240
$11,035
$154,420
$22,060
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