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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

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

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