At the Beginning of 2015,Midway Hardware Has an Inventory of $400,000.Because

question 18

Multiple Choice

At the beginning of 2015,Midway Hardware has an inventory of $400,000.Because sales growth was strong during 2015,the owner wants to increase inventory on hand to $450,000 at December 31,2015.If net sales for 2015 are expected to be $1,600,000,and the gross profit rate is expected to be 35%,compute the cost of the merchandise the owner should expect to purchase during 2015.

• A)$1,490,000.
• B)$1,040,000.
• C)$1,090,000.
• D)$1,600,000.

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Definitions:

Rehydrated

The process of restoring lost fluids and electrolytes in the body, often necessary after dehydration due to illness or exercise.

Bananas, Rice, Applesauce, Toast

Components of the BRAT diet, which is a simple, low-fiber diet recommended for individuals with gastrointestinal issues such as diarrhea.

Balanced Proportion

The harmonious arrangement or relationship of parts to each other or to the whole in terms of size, quantity, or degree.

Isotonic Dehydration

A condition where the body loses water and electrolytes in equal proportion, maintaining the osmolarity of the blood.