Tiger Drug Store carries a variety of health and beauty aids, including 500-coun

ID: 2424550 • Letter: T

Question

Tiger Drug Store carries a variety of health and beauty aids, including 500-count bottles of vitamins. The sales budget for vitamins for the first six months of the year is presented below.

The owner of Tiger Drug believes that ending inventories should be sufficient to cover 10 percent of the next month’s projected sales. On January 1, 23 bottles of vitamins were in inventory.

Required:

1. Prepare a merchandise purchases budget in bottles of vitamins for as many months as you can.

Tiger Drug Store

Merchandise Purchases Budget

January

February

March

April

May

Unit sales

Correct 10 of Item 1

Correct 11 of Item 1

Correct 12 of Item 1

Correct 13 of Item 1

Correct 14 of Item 1

Desired EI

Correct 16 of Item 1

Correct 17 of Item 1

Correct 18 of Item 1

Correct 19 of Item 1

Correct 20 of Item 1

Total needed

Correct 22 of Item 1

Correct 23 of Item 1

Correct 24 of Item 1

Correct 25 of Item 1

Correct 26 of Item 1

Less: BI

Correct 28 of Item 1

Correct 29 of Item 1

Correct 30 of Item 1

Correct 31 of Item 1

Correct 32 of Item 1

Unit purchases

Correct 34 of Item 1

Correct 35 of Item 1

Correct 36 of Item 1

Correct 37 of Item 1

Correct 38 of Item 1

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Solution

2. If vitamins are priced at cost plus 80 percent, what is the dollar cost of purchases for each month of your purchases budget?

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