At January 1, 2016, Barry, Inc

question 104

Multiple Choice

At January 1, 2016, Barry, Inc.has beginning inventory of 5,000 widgets.Barry estimates it will sell 40,000 units during the first quarter of 2016 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 2016?

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

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Definitions:

Chemistry

The science that deals with the properties, composition, and structure of substances, the transformations they undergo, and the energy released or absorbed during these processes.

Less-Developed Countries

Countries with low levels of industrialization, underdeveloped agricultural sectors, and lower standards of living and Human Development Index (HDI) scores compared to more developed countries.

Waste Resources

Materials that are not productively used and are discarded or are considered to be of no economic value.

Efficient

Efficient refers to achieving maximum productivity with minimum wasted effort or expense, often related to the smooth and effective operation of processes.