WHICH IS CORRECT ANSWERWILL TIP IF ANSWERED WITH IN 15 MINSAt January 1, 2006, Stuart Corporation ha
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WHICH IS CORRECT ANSWERWILL TIP IF ANSWERED WITH IN 15 MINSAt January 1, 2006, Stuart Corporation has beginning inventory of 4,000 widgets. Stuart Corporation estimates it will sell 35,000 units during the first quarter of 2006 with a 10% increase in sales each quarter. Stuart Corporation has a policy to maintain an ending inventory equal to 25% of the next quarter’s sales. Each widget costs $1 and is sold for $1.50. How much is budgeted sales revenue for the third quarter of 2006?$42,350$57,525$63,525$63,000
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