You have a budget to purchase 1,000 sweatshirts for your department. Based on last year’s sales, you have compiled the percentage of planned sales that you will need to purchase for each color that follows. Calculate the number of sweatshirts in each color that you will purchase. Color Percentage of Total Purchases Black 50% White 20% Gray 20% Brown 10%

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter7: Budgeting
Section: Chapter Questions
Problem 1EA: Blue Book printing is budgeting sales of 25,000 units and already has 5,000 in beginning inventory....
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  1. You have a budget to purchase 1,000 sweatshirts for your department. Based on last year’s sales, you have compiled the percentage of planned sales that you will need to purchase for each color that follows. Calculate the number of sweatshirts in each color that you will purchase.
  2. Color

    Percentage of Total Purchases

    Black

    50%

    White

    20%

    Gray

    20%

    Brown

    10%

     

  3.  
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