At January 1 2022 Deer Corp

question 96

Multiple Choice

At January 1 2022 Deer Corp.has beginning inventory of 2000 surfboards.Deer estimates it will sell 10000 units during the first quarter of 2022 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 2022?

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

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Definitions:

Pullman Cars

Luxury railway cars that were introduced in the 19th century, offering sleeping accommodations and other amenities, revolutionizing long-distance train travel.

Gilded Age

A period in the late 19th century marked by rapid economic growth, technological advancement, and ostentatious wealth amidst widespread social issues in the United States.

Farmers

Individuals engaged in agriculture, raising living organisms for food or raw materials.

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A network of tracks on which trains run, serving as a crucial mode of transportation for goods and passengers over land, and instrumental in the industrial development and expansion of territories.