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What boone hobbies budgeted purchases for next month

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Reference no: EM132520788

Point 1: Boone Hobbies, a wholesaler, has a sales budget for next month of $600,000. Cost of units sold is expected to be 40 percent of sales. All units are paid for in the month following purchase. The beginning inventory of units is $20,000, and an ending amount of $24,000 is desired. Beginning accounts payable is $152,000.

Question 1: What Boone Hobbies budgeted purchases for next month is expected to be?

Reference no: EM132520788

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