In: Accounting
Acme Manufacturing is producing $4,000,000 worth of goods this year and expects to sell $4,100,000. The firm actually sells $3,900,000 worth of goods. It is also planning on purchasing $2,000,000 in new equipment during the year. At the beginning of the year, the company has $400,000 in inventory stock in its warehouse.
Find:
Planned Investment, Actual Investment, Desired end of year inventories, actual end of year inventories, unplanned inventory investment, Y, E