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At January 1, 2019, Buck Corp. has beginning inventory of 2,000 surfboards. Buck estimates it will sell 9,000 units during the first quarter of 2019
At January 1, 2019, Buck Corp. has beginning inventory of 2,000 surfboards. Buck estimates it will sell 9,000 units during the first quarter of 2019 with a 14% increase in sales each quarter. Bucks policy is to maintain an ending inventory equal to 25% of the next quarters sales. Each surfboard costs $100 and is sold for $215. How much is budgeted sales revenue for the third quarter of 2019?
1.$2,205,900
2.$2,514,726
3.$584,820
4.$11,696
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