9. A company has a beginning inventory of 4,000 units. The company estimates it will sell...
9. A company has a beginning inventory of 4,000 units. The company estimates it will sell 20,000 units during the first quarter of the year with a 12% increase in sales each quarter. Each unit costs $100 and is sold for $150. How much is budgeted sales revenue for the third quarter of the year?
a. $900,000
b. $3,900,000
c. $3,763,200
d. $25,088
Homework Answers
Answer: $3,763,200
Explanation
Budgeted sales revenue for the third quarter = 20,000 units x 112% x 112% x $150
= $3,763,200
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