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bernie2981 bernie2981
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9 years ago
Desired ending inventory is 20% of next month's sales. If cost of goods sold is $300,000 and next month's sales are $900,000, which of the following statements is true regarding purchases?
A) Purchases will be more than cost of goods sold.
B) Purchases cannot be predicted from the information given.
C) Purchases will equal cost of goods sold.
D) Purchases will be less than cost of goods sold.
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Managerial Accounting

Managerial Accounting


Edition: 4th
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nucleinuclei
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9 years ago
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bernie2981 Author
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9 years ago
Thanks
klyn
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Yesterday
This helped my grade so much Perfect
Fanmkreyol
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2 hours ago
Brilliant ツ
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