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How can make sales budget

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Question - At January 1, 2020, Arrant, Inc. is creating their annual budget. They had 1000 step stools on hand. Its policy is to maintain an ending inventory equal to 15% of units needed for the next month's sales. Arrant Co. estimates it will sell 8,000 stools during the first month of 2020 with a 5% increase in sales each subsequent month. Each stool is sold for $16. How can make sales budget with this?

Reference no: EM132527389

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