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:

Cultural Symbols

Items, symbols, or insignias that embody particular concepts, principles, or customs within a society.

Shared Behaviors

Actions or reactions that are commonly exhibited by members of a group, stemming from shared norms, values, or beliefs.

Organizational Culture

The shared values, beliefs, norms, customs, and practices that shape the social and psychological environment of a business or organization.

Organizational Philosophy

The set of values, beliefs, and principles that guides a company's operations and defines its purpose and approach to business.