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?

$11289.60$3750001725000$1693440

Answer rating: 100% (QA)

st Quarter 6nd grd 3D 9000 1... View the full answer