Solution-What budgeted purchases for the quarter should be

What budgeted purchases for the quarter should be

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Reference no: EM132742160

Problem 1: Tony's Fashions forecasts sales of $305,000 for the quarter ended December 31. The company's gross pro?t rate averages 20% of sales. Inventory as of September 30 is $105,000. If the December 31St inventory is targeted at $45,000. budgeted purchases for the quarter should be:

Multiple Choice

Option 1: $200,000

Option 2: $166000

Option 3: $184,000

Option 4: $139,000

Option 5: 244, 0000

Reference no: EM132742160

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What budgeted purchases for the quarter should be

Reference no: EM132742160

Reference no: EM132742160

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