Assume a merchandising company's estimated sales for January, February, and March are $115,000, $135,000, and $125,000,...

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Assume a merchandising company's estimated sales for January, February, and March are $115,000, $135,000, and $125,000, respectively. Its cost of goods sold is always 45% of its sales. The company always maintains ending merchandise inventory equal to 20% of next month's cost of goods sold. What are the required merchandise purchases for January? $61.450 $49,950 $53,550 $60,750 Assume a merchandising company's estimated sales for January, February, and March are $115,000, $135,000, and $125,000, respectively. Its cost of goods sold is always 45% of its sales. The company always maintains ending merchandise inventory equal to 20% of next month's cost of goods sold. What are the required merchandise purchases for January? $61.450 $49,950 $53,550 $60,750

Answer rating: 100% (QA)

Cost of Goods Sold for January January Sales x 45 115000 x 45 5175... View the full answer