At the beginning of the year, goldenrod had beginning inventory of 2,000 scooters. goldenrod estimates it will sell 5,000 units during the first quarter of the current year, with a 10% increase in sales each quarter. it is goldenrod’s policy to maintain an ending inventory equal to 20% of the next quarter’s budgeted sales. each scooter costs $100 to produce and sold for $150. how much is the budgeted sales revenue for the third quarter of the current year?

The budgeted sales revenue for the third quarter of the current year is $907,500

Explanation:

For computing the budgeted sales revenue for the third quarter, first, we have to compute the sales for the first and second quarter which equals to:

First quarter sales revenue = Sales units × sale price

                                             = 5,000 × $150

                                             = $750,000

Second quarter sales revenue = Sales units × sale price

                                             = 5,500 × $150

                                             = $825,000

For second quarter sales units , the units is increased by 10% which means

= 5,000 + 5,000 × 10%

= 5,000 + 500

= 5,500

Third quarter sales revenue = Sales units × sale price

                                             = 6,050× $150

                                             = $907,500

For third quarter sales units , the units is increased by 10% which means

= 5,500 + 5,500 × 10%

= 5,500 + 550

= 6,050 units

Hence, the budgeted sales revenue for the third quarter of the current year is $907,500

hi : ) i found this so i hope this !

"we first find value of tax in dollars.

the difference between the two prices   is: 23. 54 - 22 = 1.54

therefore the sales tax in dollars is 1.54

the tax % will be   (amount of tax / original cost price ) × 100

(1.54 / 22) × 100  → (0.07) × 100 =   7

so the tax rate is 7%

we can double check the answer.

7 % of 22   → (7/100) × 22 → 0.07 × 22 = 1.54

22 + 1.54 = 23.54"