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Author Question: Dakota Layne is opening up "Layne's Women's Fashions" on April 1. Dakota's sales forecast for the ... (Read 80 times)

P68T

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on: Apr 25, 2021
Dakota Layne is opening up "Layne's Women's Fashions" on April 1. Dakota's sales forecast for the Spring/Summer of Year 1 is shown in the top row of the table. She is going to purchase her merchandise 2 months in advance and her cost of goods sold is 70% of sales. Assume that Dakota has a starting inventory of $21,700 at the beginning of June. What is Dakota Layne's Ending Inventory Balance in June?

Sales and Purchase Forecast
Layne's Women's Fashion
​MayJuneJulyAugust
Sales Forecast$12,000 $15,000 $16,000 $18,000 
Purchases from Suppliers​​​​
​​​​​
Beginning Inventory​$21,700​​
Plus: Additions​ ​ 
Less: Cost of Goods Sold​​​ 
Ending Inventory​​​​

◦ $19,800
◦ $22,000
◦ $22,400
◦ $23,800
◦ $25,300
Corporate Finance Online ¦ Eakins, McNally ¦ 2nd Edition
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Marked as best answer by P68T on Apr 25, 2021

vkodali

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Reply #1 on: Apr 25, 2021
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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P68T

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Reply 2 on: Apr 25, 2021
YES! Correct, THANKS for helping me on my review

flexer1n1

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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