Use the Following Information for Questions

question 3

Multiple Choice

Use the following information for questions
At January 1, 2016, Jake, Inc.has beginning inventory of 4,000 surfboards.Jake estimates it will sell 15,000 units during the first quarter of 2016 with a 10% increase in sales each quarter.Jake's policy is to maintain an ending inventory equal to 25% of the next quarter's sales.Each surfboard costs $200 and is sold for $250.
-How much is budgeted sales revenue for the third quarter of 2016?

• A)$18,150
• B)$4,537,500
• C)$907,500
• D)$3,750,000

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Definitions:

Apgar Score

A quick test performed on a newborn at 1 and 5 minutes after birth assessing heart rate, respiration, muscle tone, reflex response, and color to evaluate the physical condition.

Immediate Resuscitation

Emergency medical response aiming to revive someone from unconsciousness or near death.

Apgar Score

A quick test performed on a newborn baby at 1 and 5 minutes after birth to assess their physical condition and determine any immediate need for extra medical or emergency care.

Cerebral Palsy

A group of permanent movement disorders that appear in early childhood, affecting muscle tone, posture, and movement as a result of damage to the brain before, during, or just after birth.