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Cameroon Corp. manufactures and sells electric staplers for $17.00 each. If 10,000 units were sold in December, and management forecasts 3% growth in sales each month, the dollar amount of electric stapler sales budgeted for February should be:a. $191,337b. $175,100c. $185,764d. $180,353e. $170,000

Respuesta :

Answer:

d. Sales in Dollars February = $180353

Explanation:

The new Sales or the sales budgeted for January will be 3% higher than that for December. If December sales were of 10000 units, then the January sales will be of 10000 * 103% = 10300 units.

The budgeted sales for February will be 103% of January sales.

Budgeted sales- Feb = 10300 * 103% = 10609 units

The selling price is assumed to stay constant at $17 per stapler.

Sales in Dollar-February = 10609 * 17 = $180353

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