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1. During a six-month period, a department has a planned stock turnover of 3.2 and planned sales of $230,000. August sales are estimated at $38,000 and September sales at $42,000. Using the basic stock method, determine the BOM stock for August.

2. Planned sales in the junior sportswear department for April are $842,100, and the planned stock-sales ratio is 3.2. On April 1, how much stock is needed?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92747627

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