Titan Fishing Boats had product sales for the current year as follows: Q1 2,000 boats; Q2 2,400 boats; Q3 1,800 boats; Q4 1,200 boats.Current selling price is $5,000 per boat.A strong economy and specific market initiatives at Titan for next year indicate that sales volume is expected to increase by 2% per quarter cumulatively for each quarter and sales price will increase by 4% per boat. The sales revenue forecast for Q4 next year would be:
A) $6,364,800.
B) $6,489,600.
C) $6,614,400.
D) $6,739,200.
Correct Answer:
Verified
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