Serene Corporation had 31,000 units of brake calipers on hand at the end of 2015....
80.2K
Verified Solution
Link Copied!
Question
Accounting
Serene Corporation had 31,000 units of brake calipers on hand at the end of 2015. The company's inventory policy was to maintain an ending inventory equal to 20% of the current year's sales. During 2016, Serene sold 350,000 units of calipers. How many units did Serene purchase in 2016?
rev: 08_30_2017_QC_CDR-39
326,000.
389,000.
350,000.
322,100.
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!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.