The January 1, 2016 beginning inventory for Everest Supply Company was $290,000. Projections are that sales growth will be strong during 2016, so the company wants to have an ending inventory on December 31, 2016 of $360,000. If net sales for 2016 are projected to be $1,600,000, and the gross profit rate is expected to be 30%, what cost of merchandise should be purchased during 2016?

You are a manager at asda. you have been given the demand data for the past 10 weeks for swim rings for children. you decide to run multiple types of forecasting methods on the data to see which gives you the best forecast. if you were to use exponential smoothing with alpha =.8, what would be your forecast for week 22? (the forecast for week 21 was 1277.) week demand 12 1317 13 1307 14 1261 15 1258 16 1267 17 1256 18 1268 19 1277 20 1277 21 1297