Answered: SELL THRU PERCENT

Business

Accounting

SELL THRU PERCENT

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter7: Budgeting

Section: Chapter Questions

Problem 9PB: Amusement tickets estimated sales are: What are the balances in accounts receivable for April, May,...

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Question

14) Use the following formulas:

SELL THRU PERCENT (ST%) = SALES/BOH BOH = Beginning of week on hand inventory REC = Receipts EOH = Ending of week on hand inventory Below are the numbers for LAST week: SALES = 8,500 BOH = 56,700 REC = 4,500 EOH = 52,700 If a Buyer expected to have a 12% ST% NEXT week. How many dresses are they planning to sell?

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