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2 March, 16:07

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

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  1. 2 March, 17:59
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    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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Home » Business » 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.
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