At January 1, 2020, Barry, Inc

question 70

Multiple Choice

At January 1, 2020, Barry, Inc.has beginning inventory of 5,000 widgets.Barry estimates it will sell 40,000 units during the first quarter of 2020 with a 5% increase in sales each quarter.Barry's policy is to maintain an ending inventory equal to 10% of the next quarter's sales.Each widget costs $2 and is sold for $3.How much is budgeted sales revenue for the third quarter of 2020?

• A)$44,100
• B)$120,000
• C)$132,300
• D)$119,070

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Definitions:

Elevation

A positive emotional state that arises when witnessing virtuous acts of remarkable moral goodness, often leading to a desire to emulate such behavior.

Distance

A numerical measurement of how far apart objects or points are.

Monocular Cue

Visual information that allows a person to perceive depth and distance using just one eye.

Converging

The process of coming together or uniting in agreement or similarity, often used in the context of ideas, theories, or physical entities.