At January 1, 2019, Waterway Industries has beginning inventory of 1500 surfboards. Waterway estimates it will sell 5000 units during the first quarter of 2019 with a 12% increase in sales each quarter. Waterway'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? $6272.00 O 993750 $940800 O $243750 Coronado Industries earned controllable margin of $680000 on sales of $8200000. The division had average operating assets of $7000000. The company requires a return on investment of at least 8%. How much is residual income? $120000 O $560000 $800000 $656000