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Vilka [71]
3 years ago
11

Fairway's april sales forecast projects that 7,400 units will sell at a price of $11.90 per unit. the desired ending inventory i

s 20% higher than the beginning inventory, which was 2,400 units. budgeted purchases of units in april would be: 7,400 units. 9,800 units. 7,880 units. 10,280 units. none of the above.
Business
1 answer:
Marianna [84]3 years ago
6 0
Purchases = Sales units + Closing inventory - Beginning Inventory
                  = 7,400 + (2,400 * 120%) - 2,400
                  = 7,800 units
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3 years ago
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Answer:

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The put payoff is simply the difference between the spot price and the exercise price.

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3 years ago
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3 years ago
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