Hanson Meters had sales of 4,000, 4,500, 6,000, and 5,000 water meters during each of the four quarters of 2013. Hanson expects sales in each quarter of 2014 to be 10% more than the respective quarter of 2013. Each meter sells for $150. What amount will appear as budgeted total sales revenue for 2014?

Question

Quizplus · Accepted Answer

The correct answer is A.The budgeted total sales revenue for 2014 is $3,217,500. This is calculated by multiplying the sales in each quarter of 2013 by 110% (to account for the 10% increase) and then multiplying the result by the selling price of $150.

Hanson Meters Had Sales of 4,000, 4,500, 6,000, and 5,000