Solved

Use the Following Information to Answer Questions

Question 20

Multiple Choice

Use the following information to answer questions
Innovative Inc. budgets 250,000 pair of flip flops sales in January. Desired ending inventory for each month is 5% of the following month's budgeted sales. Assume budgeted unit sales increases by 15% every month and that all units placed into production are completed during the month.
-How many pair of flip flops are budgeted to be sold during the quarter?


A) 824,719 pair
B) 855,625 pair
C) 868,125 pair
D) 884,656 pair
E) cannot be determined from the above information

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions