At January 1 2016 Deer Corp

question 162

Multiple Choice

At January 1 2016 Deer Corp. has beginning inventory of 2000 surfboards. Deer estimates it will sell 10000 units during the first quarter of 2016 with a 12% increase in sales each quarter. Deer'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?

• A) $450000
• B) $1950000
• C) $1881600
• D) $12544

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Definitions:

Spotlight Effect

The belief that others are paying more attention to one's appearance and behavior than they really are.

Behavioral Mimicry

The subconscious imitation of another person’s behavior, gestures, or speech, often in social situations to increase rapport.

Basic Needs

Fundamental requirements that serve as the foundation for survival and well-being, often categorized into physiological, safety, love/belonging, esteem, and self-actualization needs.

Self-Evaluation

The process of reflecting on and judging one's own actions, abilities, and characteristics.