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5. 10.00 points Red Canyon T-shirt Company operates a chain of T-shirt shops in the southwestern United States The sales manager has provided a sales forecast for the coming year, along with he following information: Quarter Quarter 2 Quarter 3 Quarter 4 39,000 Budgeted Unit Sales 59,000 29,500 59,000 Each T-shirt is expected to sell for $14 The purchasing manager buys the T-shirts for S6 each The company needs to have enough T-shirts on hand at the end of each quarter to fill 24 percent of the next quarter's sales demand. Selling and administrative expenses are budgeted at S78.000 per quarter plus 16 percent of total sales revenue. Required: 1. Determine budgeted sales revenue for each quarter. Quarter 1 Quarter 2 Quarter 3 Budgeted Sales Revenue