Business
Business, 11.03.2020 21:30, hiji0206

JT Department Store expects to generate the following sales for the next three months: JT's cost of gods sold is 60% of sales dollars. At the end of each month, JT wants a merchandise inventory balance equal to 20% of the following month's expected cost of goods sold. What dollar amount of merchandise inventory should JT plan to purchase in August?

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JT Department Store expects to generate the following sales for the next three months: JT's cost of...

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