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Business, 05.11.2019 04:31 mommer2019

Smith jewelry store sells 20 pieces of jewelry per day at an average price of $20 per piece. assume smith’s cost for the jewelry is 55% of the selling price it charges retail customers. there is no beginning inventory, but smith wants to have a 7 day supply of ending inventory. assume the selling and administrative expenses are $400 per day. what is smith jewelry store’s budgeted sales for the month (30 days)?

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Smith jewelry store sells 20 pieces of jewelry per day at an average price of $20 per piece. assume...
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