Cameroon Corp. manufactures and sells electric staplers for $16 each. If 10,000 units were sold in December, and management forecasts 4% growth in sales each month, the number of electric stapler sales budgeted for February should be:

Question

Quizplus · Accepted Answer

To calculate the budgeted sales for February, we need to use the growth rate given, which is 4% per month. Starting from the December sales of 10,000 units, we need to calculate the sales for January and then for February.

January sales = 10,000 x (1 + 0.04) = 10,400
February sales = 10,400 x (1 + 0.04) = 10,816

Therefore, the answer is D) 10,816.