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gogolik [260]
3 years ago
15

Lexi Company forecasts unit sales of 1,640,000 in April, 1,250,000 in May, 810,000 in June, and 1,650,000 in July. Beginning inv

entory on April 1 is 250,000 units, and the company wants to have 30% of next month’s sales in inventory at the end of each month. Prepare a merchandise purchases budget for the months of April, May, and June.
Business
1 answer:
mario62 [17]3 years ago
6 0

Answer:

Explanation:

From the information given in the question:

The main objective is to Prepare a merchandise purchases budget for the months of April, May, and June

                        Merchandise Purchases Budget

                                                 April                  May                 June

Next months' budgeted        1250000            810000          1650000

Sales

Ratio of inventory                  30%                     30%               30%

Desired ending inventory     375000              243000         495000

Sales unit                               1640000             1250000       810000

Required units of

available inventory                2015000             1493000       1305000

Less:Beginning Inventory     -250000             - 375000      - 243000

Units to be purchased           1765000              1118000       1062000

N:B

Desired ending inventory = Next months' budgeted sales × Ratio of inventory  

Required units of available inventory = Desired ending inventory + Sales unit

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The correct answer is A. Say's Law

Explanation:

Say's Law proposed by the economist Jean-Baptiste Say establishes the supply (availability of a product) or the production itself is the factor that creates demand (customers willing to buy the product). For example, the production of a new model of cellphone or computer makes people want to buy the new model. This idea is expressed by the quote "If you build (produce] it  they will come [purchase]" because in the quote it is explained the production of something make people go to buy that product.

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A corporation has 40,000 shares of $25 par value stock outstanding. If the corporation issues a 3-for-1 stock split, the number
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A corporation has 40,000 shares of $25 par value stock outstanding. If the corporation issues a 3-for-1 stock split, the number of shares outstanding after the split will be 120,000 shares.

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In monetary markets, a share is a unit used in mutual finances, limited partnerships, and real estate funding trusts. Percentage capital refers to all of the stocks of an agency. The owner of shares within the agency is a shareholder of the business enterprise.

A share is referred to as a unit of possession that represents the same share of a business enterprise's capital. A percentage entitles the shareholders to an equal declaration of earnings and losses of the employer. There are majorly sorts of shares i.e. equity stocks and desire stocks.

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What is financial economies of scale​
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Answer:

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1 year ago
Delta Distributors has accounts receivable of $2,750,000 and average daily credit sales of $118,280. The firm offers credit term
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Answer:

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