At January 1, 2022, Marigold Corp. has beginning inventory of 3500 surfboards. Marigold estimates it will sell 13000 units during the first quarter of 2022 with a 14% increase in sales each for the following quarters. Marigold's policy is to maintain an ending finished goods inventory equal to 25% of the next quarter's sales. Each surfboard costs $100 and is sold for $180. What is the budgeted sales revenue for the third quarter of 2022? ○ $16895 ○ $742500 ○ $3082500 ○ $3041064
At January 1, 2022, Marigold Corp. has beginning inventory of 3500 surfboards. Marigold estimates it will sell 13000 units during the first quarter of 2022 with a 14% increase in sales each for the following quarters. Marigold's policy is to maintain an ending finished goods inventory equal to 25% of the next quarter's sales. Each surfboard costs $100 and is sold for $180. What is the budgeted sales revenue for the third quarter of 2022? ○ $16895 ○ $742500 ○ $3082500 ○ $3041064
Chapter7: Budgeting
Section: Chapter Questions
Problem 4EA: One Device makes universal remote controls and expects to sell 500 units in January, 800 in...
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