Cameroon Corp.manufactures and sells electric staplers for $16 each.If 10,000 units were sold in December,and management forecasts 4% growth in sales each month,the number of electric stapler sales budgeted for March should be:

Question

Quizplus · Accepted Answer

To find the budgeted sales for March, calculate the sales growth over three months (December to March). Starting with 10,000 units in December, apply a 4% growth each month: January sales = 10,000 * 1.04 = 10,400; February sales = 10,400 * 1.04 = 10,816; March sales = 10,816 * 1.04 = 11,248.64, which rounds to 11,249.