Bennet Companys Cost of Goods Sold is 40% of sales. Forecasted sales for the next...

70.2K

Verified Solution

Question

Accounting

Bennet Companys Cost of Goods Sold is 40% of sales. Forecasted sales for the next threemonths are March, $4,000, April, $6,000, and May $7,500. Bennet's policy is to have an endinginventory of 15% of the next month's sales needs on hand. What are budgeted purchases for April?

answer is 2490, could you please processing this question

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students