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22 May, 06:07

Navigator sells GPS trackers for $50 each. It expects sales of 5,000 units in quarter 1 and a 5% increase each subsequent quarter for the next 8 quarters. Prepare a sales budget by quarter for the first year. What is the amount of total sales revenue for the year?

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  1. 22 May, 08:41
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    Answer and Explanation:

    The Preparation of the sales budget and the computation of the amount of total sales revenue for the year is shown below:-

    Sales Budget For Year 1

    Quarter Number of Sale price (B) Sales Revenue

    Units (A) (A) * (B)

    1 5,000 $50 $250,000

    2 5,250 $50 $262,500

    (5,000 * 105%)

    3 5,513 $50 $275,650

    (5,250 * 105%)

    4 5,789 $50 $289,450

    (5,513 * 105%)

    Total $1,077,600
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Home » Business » Navigator sells GPS trackers for $50 each. It expects sales of 5,000 units in quarter 1 and a 5% increase each subsequent quarter for the next 8 quarters. Prepare a sales budget by quarter for the first year.
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