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Riley Corporation is a new corporation and will manufacture metal stakes. Each stake sells for $10.75. At that price, our marketing team has forecast unit
Riley Corporation is a new corporation and will manufacture metal stakes. Each stake sells for $10.75. At that price, our marketing team has forecast unit sales for each Quarter as follows: Q1: 4,000 Q2: 4,500 Q3: 4,600 Q4: 5,000 1. What is the forecast Q3 Revenue? a. 4,600 b. 43,000 c. 48,375 d. 49,450 2. In each Quarter, Riley would like keep 10% of next Quarter's sales in inventory. Q1 begins with 300 units of inventory. What is the planned Q2 production a. 4,500 b. 4,150 c. 4,960 d. 4,510
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