Question suppose storerus sells one million hardcover books, Ask an Expert

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Question: Suppose StoreRUs sells one million hardcover books a day at an average price of $37. Assume that its cost of production averages $19 a book. StoreRUs has no beginning inventory, but it wants to have a three-day supply of books in ending inventory. Assume that operating expenses are $2 million per day. Compute StoreRUs's budgeted sales for the next (seven-day) week.

A. $259 million

B. $392 million

C. $273 million

D. $133 million

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Accounting Basics, Accounting

Category:- Accounting Basics
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