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You have planned purchases of $4,000. You have received orders that total $2,300, and you have ordered merchandise that totals $700. Calculate the open-to-buy amount

Respuesta :

adioabiola

The open-to-buy amount given the total planned purchases, received orders and ordered merchandise is $1,000

How to calculate the open to buy amount?

  • Total planned purchase = $4,000
  • Received orders = $2,300
  • Ordered merchandise= $700

open-to-buy amount = Total planned purchase - (Received orders + Ordered merchandise)

= 4000 - (2,300 + 700)

= 4000 - 3,000

= 1,000

Therefore,

open-to-buy amount = $1,000

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