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Hi tutor, I have a doubt.
A retailer forecasts that its sales in the first month of 2011 will be $600,000 and will then grow at 4% per month
for the next three months. It prices its products by adding a mark-up of 20% to its purchase cost. The retailer always
carries sufficient inventory to cover the next month’s forecast sales.
What is the forecast inventory (to the nearest dollar) at the end of the second month of 2011?
A $540,800
B $562,432
C $648,960
D $811,200You have posted this question several times and have used two different user names.
Please do not post the same question several times – there is no point.
You must not use two different names to log in. If you continue to do so then you will be blocked from our website.
I have answered your question under one of your other posts of it!
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