Suppose Packrat sells 1,900 hardcover books per day at an average price of $50. Assume...
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Accounting
Suppose Packrat sells 1,900 hardcover books per day at an average price of $50. Assume that Packrat's cost for the books is 65% of the selling price it charges retail customers. Packrat has no beginning inventory, but it wants to have a three-day supply of ending inventory. Assume that selling and administrative expenses are $3,800 per day. Compute Packrat's budgeted sales for the next (seven-day) week.
A)1,190,000
B)476,000
C)833,000
D)1,400,000
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