This Question: 2 pts10 of 13 (0 complete) his Quiz: 20 pts po Suppose Merrimack

Question

This Question: 2 pts10 of 13 (0 complete) his Quiz: 20 pts po Suppose Merrimack sells 1,500 hardcover books per day at an average price of $20. Assume that Merrimack's cost for the books is 60% of the selling price it charges retail customers. Merrimack has no beginning inventory, but it wants to have a three-day supply of ending inventory. Assume that selling and administrative expenses are $1,500 per day Compute Merrimack's budgeted sales for the next (seven-day) week. O A. $210,000 O B. $220,500 O C. $390,000 O D. $126,000

Explanation / Answer

A. $210,000

Budgeted sales = 1,500 * 7 * $20

Budgeted sales = $210,000

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