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Dakota Layne is opening up "Layne's Women's Fashions" on April 1. Dakota's sales forecast for ...

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Dakota Layne is opening up "Layne's Women's Fashions" on April 1. Dakota's sales forecast for ...

Dakota Layne is opening up "Layne's Women's Fashions" on April 1. Dakota's sales forecast for the Spring/Summer 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. What are Dakota Layne's purchases in May?

Sales and Purchase Forecast

Layne's Women's Fashions

	April	May	June	July	August
Sales Forecast	$10,000	$12,000	$15,000	$16,000	$18,000
Purchases from Suppliers

▸ $9,000

▸ $9,600

▸ $10,500

▸ $10,800

▸ $11,200

Textbook

Corporate Finance Online

Edition: 2^nd

Authors: Eakins, McNally

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Brilliant ツ

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