What is the planned dollar increase

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Question: A boutique had net sales of $760,000 for a six-month period ending July 31. Calculate turnover for the period if the monthly retail inventories were:

Dates Stock-on-Hand

Feb. 1 $ 78,000

March 1 130,000

April 1 217,600

May 1 306,600

June 1 197,840

July 1 132,880

July 31 (EOM) 118,700

A department plans a sales increase of 8.5% for the coming year. If last year's sales were $79,424, what is the planned dollar increase?

Reference no: EM131948619

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