(Answered) Question suppose packrat sells 1200 hardcover books per day

Accounting

Question: Suppose Packrat sells 1,200 hardcover books per day at an average price of $45. Assume that Packrat's cost for the books is 55% of the selling price it charges retail customers. Packrat has no beginninginventory, but it wants to have a three-day supply of ending inventory. Assume that selling and administrative expenses are $3,600 per day. Compute Packrat's budgeted sales for the next(seven-day) week.

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