Dakota Layne is opening up Layne's Women's Fashions on April 1. Dakota's sales forecast for the Spring/Summer
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Question:
Dakota Layne is opening up "Layne's Women's Fashions" on April 1. Dakota's sales forecast for the Spring/Summer is shown in the top row of the table. She is going to purchase her merchandise 2 months in advance and her cost of goods sold is 70% of sales. What are Dakota Layne's purchases in May?
Layne's Women's Fashions
April | May | June | July | August | |
Sales Forecast | $10,000 | $12,000 | $15,000 | $16,000 | $18,000 |
Purchases from Suppliers |
Related Book For
Financial Reporting and Analysis
ISBN: 978-0078025679
6th edition
Authors: Flawrence Revsine, Daniel Collins, Bruce, Mittelstaedt, Leon
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