The Snow Globe Emporium sells snow globes. The forecasted first quarter sales volume for the Emporium is shown in the top row of the table. The Emporium buys the snow globes from a distributor for $5 and sells them for $8
All purchases are made on credit one month in advance of sales and are paid for the month following the purchase. What are the Snow Globe Emporium's purchases (in dollars) for March?
Sales and Purchase Forecast
The Snow Globe Emporium
January February March April
Sales Forecast (units) 2,000 3,000 3,800 4,700
Purchases from Suppliers ($)
Payments to Suppliers
A) $19,000
B) $22,800
C) $23,500
D) $24,000
E) $30,400
C
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