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Business, 27.05.2020 03:00 binodkharal2048

On January 1 2019 Mayco has a beginning inventory of 2,000 widgets. Mayco estimates it will sell 10,000 units during the first quarter of 2019 with a 12 % increase in sales each quarter. Mayco's policy is to maintain an ending inventory equal to 25 % of the next quarter sales. Each widget costs $100 and is sold for $150. How much is budgeted sales revenue for the third quarter of 2019?

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On January 1 2019 Mayco has a beginning inventory of 2,000 widgets. Mayco estimates it will sell 10,...
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