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The Snow Globe Emporium sells snow globes. The forecasted first quarter sales volume for the ...

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The Snow Globe Emporium sells snow globes. The forecasted first quarter sales volume for the ...

The Snow Globe Emporium sells snow globes. The forecasted first quarter sales volume for the Emporium is shown in the top row of the table. The Emporium buys the snow globes from a distributor for $5 and sells them for $8. All purchases are made on credit one month in advance of sales and are paid for the month following the purchase. What are the Snow Globe Emporium's purchases (in dollars) for March?

Sales and Purchase Forecast

The Snow Globe Emporium

	January	February	March	April
Sales Forecast (units)	2,000	3,000	3,800	4,700
Purchases from Suppliers ($)

Payments to Suppliers

▸ $19,000

▸ $22,800

▸ $23,500

▸ $24,000

▸ $30,400

Textbook

Corporate Finance Online

Edition: 2^nd

Authors: Eakins, McNally

Read 62 times

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