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Dakota Layne Is Opening Up "Layne's Women's Fashions" on April

Question 8

Multiple Choice

Dakota Layne is opening up "Layne's Women's Fashions" on April 1. Dakota's sales forecast for the Spring/Summer is shown in the top row of the table. She is going to purchase her merchandise 2 months in advance and her cost of goods sold is 70% of sales. What are Dakota Layne's purchases in May? Sales and Purchase Forecast
Layne's Women's Fashions
 April  May  June  July  August  Sales Forecast $10,000$12,000$15,000$16,000$18,000 Purchases from  Suppliers \begin{array} { | l | c | c | c | c | c | } \hline & \text { April } & \text { May } & \text { June } & \text { July } & \text { August } \\\hline \text { Sales Forecast } & \$ 10,000 & \$ 12,000 & \$ 15,000 & \$ 16,000 & \$ 18,000 \\\hline \begin{array} { l } \text { Purchases from } \\\text { Suppliers }\end{array} & & & & & \\\hline\end{array}


A) $9,000
B) $9,600
C) $10,500
D) $10,800
E) $11,200

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