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At January 1, 2020, Bramble Inc. has beginning inventory of 10900 boogie boards. Bramble estimates it will sell 6300 units during the first quarter of
At January 1, 2020, Bramble Inc. has beginning inventory of 10900 boogie boards. Bramble estimates it will sell 6300 units during the first quarter of 2020 with a 8% increase in sales each quarter. Brambles policy is to maintain an ending inventory equal to 12% of the next quarters sales. Each surfboard costs $90 and is sold for $140. How much is budgeted sales revenue for the third quarter of 2020?
A.73483.20
B.882000.00
C.1028764.80
D.952560.00
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