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How much is budgeted sales revenue for the third quarter

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Reference no: EM132891185

Problem 1: On January 1, 2019, Sunland company had a beginning inventory of 1000 surfboards; sunland estimates it will sell 12000 units during the first quarter of 2019 with a 12% increase in sales each quarter. Sunland's policy maintains an ending inventory equal to 25% of the next quarter's sales. Each surfboard costs $100, and it is sold for $150. How much is budgeted sales revenue for the third quarter of 2019?

Reference no: EM132891185

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