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Author Question: Peabody Enterprises prepared the following sales budget:MonthBudgeted ... (Read 71 times)

rlane42

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on: Jan 4, 2020
Peabody Enterprises prepared the following sales budget:

MonthBudgeted Sales
March$6,000
April$13,000
May$12,000
June$14,000

The expected gross profit rate is 40% and the inventory at the end of February was $10,000. Desired inventory levels at the end of the month are 20% of the next month's cost of goods sold.


What are the total purchases budgeted for May at Peabody Enterprises?
◦ $6,960
◦ $7,440
◦ $7,680
◦ $8,640
Managerial Accounting, Canadian Edition ¦ Braun, Tietz, Pyper ¦ 2nd Edition
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Marked as best answer by rlane42 on Jan 4, 2020

millet

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Reply #1 on: Jan 4, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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rlane42

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Reply 2 on: Jan 4, 2020
YES! Correct, THANKS for helping me on my review

matt95

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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