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Ollie, LLC Is an Online Business That Specializes in the Production

Question 134

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Ollie, LLC is an online business that specializes in the production and sale of handmade dog sweaters. They were established one year ago and have seen consistent growth in sales month-to-month. In an effort to be more prepared for their second year, they are creating a sales forecast. In December of the previous year, they were able to sell 575 units and anticipate 5% growth every month in the coming year. They have set their selling price for each sweater at $34.99. Please answer the following questions. (All budgeted sales volume figures should be rounded to the nearest whole number.)
a. What is their budgeted gross sales in units for the February?
b. What is their budgeted gross revenue for the March?
c. If they increased their sales by 8% month-to-month, as opposed to 5%, then what percentage increase would Ollie see in their Budgeted Gross Revenue for the quarter? (Round your answer to the nearest whole percent.)

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blured image a. The budgeted gross sales for January...

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