Question

Suppose Everypage sells 1 comma 400 hardcover books per day at an average price of $ 65. Assume that Everypage's cost for the books is 65​% of the selling price it charges retail customers. Everypage has no beginning​ inventory, but it wants to have a​ three-day supply of ending inventory. Assume that selling and administrative expenses are $ 4 comma 200 per day. Compute Everypage's budgeted sales for the next​ (seven-day) week.

Answer 1

$637,000

Step-by-step explanation:

The computation of the budgeted sales for the next​ (seven-day) week is shown below:

= Sale of hardcover books per day × given number of days × average price

= 1,400 books per day × 7 days × $65

= $637,000

We simply multiplied the Sale of hardcover books per day with the given number of days and the average price so that the budgeted sales could arrive