AXN Corporation is a well-known name in the production of high-quality metal boxes. The VP of store operations has asked the sales manager to provide him the sales forecasts for the third quarter of the year. The sales manager, Kevin, has provided him the following information:
What will the budgeted gross sales be for the third quarter of the year?
A) $16,000
B) $18,288
C) $53,000
D) $53,668

Question

AXN Corporation is a well-known name in the production of high-quality metal boxes. The VP of store operations has asked the sales manager to provide him the sales forecasts for the third quarter of the year. The sales manager, Kevin, has provided him the following information:
 What will the budgeted gross sales be for the third quarter of the year?
A) $16,000 
B) $18,288 
C) $53,000 
D) $53,668

Quizplus · Accepted Answer

Budgeted Gross Sales = Budgeted Sales Units × Budgeted Selling Price = (640 × $25) + (720 × $25.40) + (760 × $25.50) = $16,000 + $18,288 + $19,380 = $53,668.

AXN Corporation Is a Well-Known Name in the Production of High-Quality