At January 1, 2019, Bramble Corp, has beginning inventory of 1000 surfboards. Bramble estimates it will sell 9000 units during the first quarter of 2019 with a 12% increase in sales each quarter. Bramble's policy is to maintain an ending inventory equal to 25% of the next quarter's sales. Each surfboard costs $100 and is sold for $150. How much is budgeted sales revenue for the third quarter of 2019 $375000 1725000 $1693440 $11289.60 On January 1, Oriole Company has a beginning cash balance of $276000. During the year, the company expects cash disbursements of $1060000 and cash receipts of $860000. If Oriole requires an ending cash balance of $200000, Oriole Company must borrow $200000. $476000 $124000 $276000