Merchandise purchases budget problem

Reference no: EM13159905

Central drug store carries a variety of health and beauty aids, including elastic ankle braces. The sales budget for ankle braces for the first six months or the year is as follows:

Unit sales dollar sales

January 150 $1,200
February 140 1,120
March 145 1,160
April 160 1,280
May 200 1,600
June 260 2,080

The owner of central dug believes that ending inventories should be sufficient to cover 20 percent of the next month's projected sales. On January 1, there were 84 ankle braces in inventory.

Required:

1. Prepare a merchandise purchases budget in unit of ankle braces for as many months as you can

2. If ankle braces are priced at cost plus 60 percent, what is the dollar cost of purchases for each month of your purchase budget?

Reference no: EM13159905

Questions Cloud

Explain inductive or deductive conclusion : He further recalled that Watson had heard the victim scream "No, Percy!" moments before the tragic murder. Holmes concluded that Major Bretton had killed Davidson. Inductive or Deductive?

What is the maximum amount of p4s10 which could be formed : for the reaction P4+S8=P4S10 what is the maximum amount of P4S10 which could be formed from 17.02 g of P4 and .128 mol of S8?

What effect would a depreciation of the us dollar : What effect would a depreciation of the U.S dollar, relative to the Chinese Yuan, have on both our exports to China and our imports from China?

Explain what is the final concentration of once equilibrium : The reversible chemical reaction A+B C+D with an equilibrium constant of K 7.1.Initially, only A and B are present, each at 2.00 . What is the final concentration of once equilibrium is reached?

Merchandise purchases budget problem : The owner of central dug believes that ending inventories should be sufficient to cover 20 percent of the next month's projected sales. On January 1, there were 84 ankle braces in inventory.

Calculate the herfindahl-hirschman indexes : Calculate the Herfindahl-Hirschman Indexes for 2006 and 2011. What information does this index tell you about changes in the industry? How does this information differ from the four-firm and eight-firm indexes?

What is the cost of saving each life : At the time, there were 180 million automobiles and 250 million people in the United States. Each vehicle was driven about 15,000 miles each year. What is the cost of saving each life?

Calibration solution is essentially the concentration of scn : Concentration of Fe(SCN)2+ in calibration Solutions-Recall that the concentration of Fe(SCN)2+ in the calibration solutions is essentially the concentration of SCN- initially in the solution

Calculate peters corporation-s earnings per share : Calculate Peters Corporation's earnings per share for the year ended June 30, 2008, assuming the preferred dividends are noncumulative and $50,000 in total cash dividends were paid during the year.

User Account

All Pages