Answer the following question(s)using the information below.After conducting a market research study, Potter Products decided to produce an electric coffee pot to complement its line of kitchen products.It is estimated that the new coffee pot can be sold at a target price of $46.The annual target sales volume for the coffee pot is 300,000.Potter has target operating income of 18% of sales.
-What are the target sales revenues?
A)$1,380,000
B)$13,800,000
C)$11,316,000
D)$12,000,000
E)$16,284,000

Question

Quizplus · Accepted Answer

The target sales revenue is calculated by multiplying the target price per unit ($46) by the annual target sales volume (300,000 units), which equals $13,800,000.

Answer the Following Question(s)using the Information Below