Question

In: Finance

The formula for EOM stock is BOM + Purchases - Sales + Retail Reducation BOM -...

The formula for EOM stock is

		BOM + Purchases - Sales + Retail Reducation
		BOM - Purchases - Sales - Retail Reducation
		BOM + Purchases + Sales - Retail Reducation
		BOM + Purchases - Sales - Retail Reducation
		None of the above

Expert Solution

Answer;

Eom = Bom + purchase - sales - retail reduction

Explanation

Beginning of month + purchase = sales + ending of month + retail reduction

Example =

Bom = $10000

Purchase = $4000

Total =. $50000

Sales = $30000

Retail reduction = 2000

Eom = $18000

Total = $50000

So,

Eom= bom + purchase- sales - retail reduction

Eom = $10000 + $40000 - $30000 - $2000

Eom = $18000

jeff jeffy answered 2 years ago

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