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Question - For the upcoming year, Kinston Quart Limited expects to generate $3,980,000 of revenue. Based on historical trends, the company makes the most sales in the first two quarters. As a result, it assumes that the first and second quarter will each contribute 28% of the annual revenue. The remaining budgeted amount will be allocated equally between the last two quarters. For each quarter, calculate the budgeted sales in dollars.
Financial Statement Analysis and Preparation
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