Colts Corporation Has the Following Information The Cost of Goods Sold Percentage Is 65% and the

question 74

Multiple Choice

Colts Corporation has the following information: $\begin{array}{lr}\text { Month } & \text { Budgeted Sales } \\\hline \text { May } & \$ 46,000 \\\text { June } & 50,000 \\\text { July } & 52,000 \\\text { August } & 48,000\end{array}$ The cost of goods sold percentage is 65% and the desired inventory level is 25% of next month's sales._____ is the expected total purchases budgeted for July.

• A)$33,800
• B)$41,600
• C)$33,150
• D)None of these answers is correct

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Definitions:

Sales Change

The variation in the quantity of products or services sold by a company over a specific period, which can indicate market trends and business performance.

Customer-Oriented Metrics

Indicators used to measure aspects of customer satisfaction, behavior, and preferences in relation to a company's products or services.

Customer Satisfaction

A measure of how products or services meet or surpass the expectations of customers, often used as an indicator of repeat business and loyalty.

Global Segments

Refers to the division of the global market into distinct groups of customers or regions with similar characteristics or needs.