Determine Mallcentrals budgeted purchases for the next (seven-day) week. a. $300,000 b. $225,000 c. $157,500 d. $75,000

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Determine Mallcentral’s budgeted purchases for the next (seven-day) week.

a. $300,000

b. $225,000

c. $157,500

d. $75,000 Suppose Mallcentral sells 1,000 hardcover books per day at an average price of $30.
Assume that Mallcentral’s cost for the books is 75% of the selling price it charges retail customers. Mallcentral has no beginning inventory, but it wants to have a three-day supply of ending inventory. Assume that selling and administrative expenses are $1,000 per day.

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