Problem on budgeted sales revenue for the third quarter, Accounting Basics

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Problem on budgeted sales revenue for the third quarter

At January 1, 2008, Ceatric, Inc. has beginning inventory of 2,000 surfboards. Ceatric estimates it will sell 5,000 units during the first quarter of 2008 with a 12% increase in sales each quarter. Ceatric'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 2008?

a. $225,000

b. $975,000

c. $940,800

d. $6,272

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Accounting Basics: Problem on budgeted sales revenue for the third quarter

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Accounting Basics: Problem on budgeted sales revenue for the third quarter

Reference No:- TGS069712

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Determine the contribution margin ratio

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Problem on budgeted sales revenue for the third quarter

Reference No:- TGS069712

Recent Questions Asked Accounting Basics

Q : Determine the contribution margin ratio

Q : What percent are variable costs of sales

Q : Variable expenses in the cvp income statement

Q : Controllable margin for the year

Q : Problem on budgeted sales revenue for the third quarter

Q : Concept of units of inventory on hand

Q : Masset break-even point in units problem

Q : Cvp income statement including sales

Q : What is the contribution margin

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