You have a budget to purchase 1,000 sweatshirts for your department. Based on last year’s sales, you have compiled the percentage of planned sales that you will need to purchase for each color that follows. Calculate the number of sweatshirts in each color that you will purchase.ColorPercentage of Total PurchasesBlack50%White20%Gray20%Brown10%

Name: You have a budget to purchase 1,000 sweatshirts for your department. B
Uploaded: 2024-03-20T06:32:37.000Z
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Description: You have a budget to purchase 1,000 sweatshirts for your department. Based on last year’s sales, you have compiled the percentage of planned sales that you will need to purchase for each color that follows. Calculate the number of sweatshirts in each

No. of sweatshirts purchase = Total requirement of sweatshirts x Percentage of Total Purchases

Answered: You have a budget to purchase 1,000…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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You have a budget to purchase 1,000 sweatshirts for your department. Based on last year’s sales, you have compiled the percentage of planned sales that you will need to purchase for each color that follows. Calculate the number of sweatshirts in each color that you will purchase.
Color

Percentage of Total Purchases

Black

50%

White

20%

Gray

20%

Brown

10%

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