You are given the following planned figures for the month of April: sales, $10,000; reductions, $500, EOM
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You are given the following planned figures for the month of April: sales, $10,000; reductions, $500, EOM stock, $25,000 Assume that for this merchandise line, the desired annual turnover rate is 6. Calculate planned purchases for the month of April.
a. $15,500
b. $35,500
c. $24,500
d. $5,500
e. $45,500
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