At january 1, 2016, bonita industries has beginning inventory of 1500 surfboards. bonita estimates it will sell 6000 units during the first quarter of 2016 with a 12% increase in sales each quarter. bonita’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
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At january 1, 2016, bonita industries has beginning inventory of 1500 surfboards. bonita estimates i...
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