Question 18 -/1 View Policies Current Attempt in Progress At January 1, 2016, Concord Corporation has beginning inventory of 4000 surfboards. Concord estimates it will sell 8000 units during the first quarter of 2016 with a 12 % increase in sales each quarter. Concord'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 2016? ort O $10035.20 O $450000 O $1505280 O 1650000 e 8:53 PM 11/27/2019 hp rt sc delete end DO On & 6 8 backspace lock P 7 home dn Bd K enter 6 pause N T shitt end l ww USE YOUR SMARTPHONE FOR Reviews Videos Features ינ Specs Support SCAN
Question 18 -/1 View Policies Current Attempt in Progress At January 1, 2016, Concord Corporation has beginning inventory of 4000 surfboards. Concord estimates it will sell 8000 units during the first quarter of 2016 with a 12 % increase in sales each quarter. Concord'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 2016? ort O $10035.20 O $450000 O $1505280 O 1650000 e 8:53 PM 11/27/2019 hp rt sc delete end DO On & 6 8 backspace lock P 7 home dn Bd K enter 6 pause N T shitt end l ww USE YOUR SMARTPHONE FOR Reviews Videos Features ינ Specs Support SCAN
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Question 18
-/1
View Policies
Current Attempt in Progress
At January 1, 2016, Concord Corporation has beginning inventory of 4000 surfboards. Concord estimates it will sell
8000 units during the first quarter of 2016 with a 12 % increase in sales each quarter. Concord'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 2016?
ort
O $10035.20
O $450000
O $1505280
O 1650000
e
8:53 PM
11/27/2019
hp
rt sc
delete
end
DO On
&
6
8
backspace
lock
P
7
home
dn Bd
K
enter
6
pause
N
T shitt
end
l
ww
USE YOUR SMARTPHONE FOR
Reviews
Videos
Features
ינ
Specs
Support
SCAN
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