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Alpha Beta Company has a sales budget for next month of $50,000. Cost of goods sold is expected to be 60 percent of sales. All goods are purchased in the month used and paid for in the month following their purchase. The beginning inventory of merchandise is $1,500 and an ending inventory of $2,000 is desired. Beginning accounts payable is $13,000.
How much merchandise inventory will Alpha Beta Company need to purchase next month?
CRM Program
Customer Relationship Management program; a strategy for managing an organization's interactions with current and potential customers using data analysis about customers' history with a company.
Customer's Profitability
The financial benefit a company gains from dealing with a customer, considering the revenues generated and the costs associated with maintaining the relationship.
Order Status Communication
The process of providing updates to customers about the progress and current status of their orders, from placement through to delivery.
Human Method
An approach that relies on human input, expertise, or interaction as part of a process or system.
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