Suppose LovetoRead sells 2,000 hardcover books per day at an average price of $70. Assume that LovetoRead's cos charges retail customers. LovetoRead has no beginning inventory, but it wants to have a three-day supply of ending in administrative expenses are $2,000 per day. Compute LovetoRead's budgeted sales for the next (seven-day) week. OA. $539,000 B. $994,000 C. $1,750,000 OD. $980,000 4 ***

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Chapter8: Budgeting For Planning And Control
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Suppose LovetoRead sells 2,000 hardcover books per day at an average price of $70. Assume that LovetoRead's cost for the books is 55%
charges retail customers. LovetoRead has no beginning inventory, but it wants to have a three-day supply of ending inventory. Assume that se
administrative expenses are $2,000 per day.
Compute LovetoRead's budgeted sales for the next (seven-day) week.
A. $539,000
B. $994,000
C. $1,750,000
D. $980,000
☆
***
Transcribed Image Text:K Suppose LovetoRead sells 2,000 hardcover books per day at an average price of $70. Assume that LovetoRead's cost for the books is 55% charges retail customers. LovetoRead has no beginning inventory, but it wants to have a three-day supply of ending inventory. Assume that se administrative expenses are $2,000 per day. Compute LovetoRead's budgeted sales for the next (seven-day) week. A. $539,000 B. $994,000 C. $1,750,000 D. $980,000 ☆ ***
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