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Odana plans to sell 90,000 units of its only product at a price of $16 each.Assume that there will be 7,500 units of the product in inventory at January 1, 2015.During 2015, the inventory quantity is to be increased 15% (so the ending inventory is 15% higher than the beginning inventory).
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Your friend, Wendy Geiger, owns a small retail store that sells canies and nuts. Geiger acquires her goods from a few select vendors. She generally makes purchase orders by phone and on credit. Sales are primarily for cash. Geiger keeps her own ma..
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In a merchandising company, the required merchandise purchases for a period are determined by subtracting the units in beginning inventory from the sum of the units to be sold during the period and the desired ending inventory.
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