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Budgeted Sales for the Second Quarter for Maxwell Company, a Retailer

Question 41

Multiple Choice

Budgeted sales for the second quarter for Maxwell Company, a retailer, are as follows: Budgeted sales for the second quarter for Maxwell Company, a retailer, are as follows: Maxwell started the quarter with an inventory of 30,000 units. The company likes to maintain an inventory equal to 10 per cent of next month's budgeted sales. Budgeted purchases in units for May would be A) 146,000. B) 120,000. C) 134,000. D) 122,000. Maxwell started the quarter with an inventory of 30,000 units. The company likes to maintain an inventory equal to 10 per cent of next month's budgeted sales. Budgeted purchases in units for May would be


A) 146,000.
B) 120,000.
C) 134,000.
D) 122,000.

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