The selected answer is not exactly the correct one. Suppose Merrimack sells 2,00

Question

The selected answer is not exactly the correct one.

Suppose Merrimack sells 2,000 hardcover books per day at an average price of $30. Assume that Merrimack's cost for the books is 65% of the selling price it charges retail customers. Merrimack has no beginning inventory, but t wants to have a three-day supply of ending inventory. Assume that selling and administrative expenses are $6,000 per day. Compute Merrimack's budgeted sales for the next (seven-day) week. O A. $273,000 B. $810,000 O C. $462,000 O D. $420,000

Explanation / Answer

budgeted sales = per day sale * 7 days in a week * average price

   = 2000*7*30

=$420,000 answer

budgeted sales = per day sale * 7 days in a week * average price

   = 2000*7*30

=$420,000 answer

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