Silo Company has one product and sold 35,000 units in the first quarter of 2012.The company expects to sell 30% more units in the first quarter of 2013,at a price of $20 per unit.Based on this information,what is the amount of sales revenue that will appear in the budgeted income statement for the first quarter of 2013?

Question

Quizplus · Accepted Answer

The company expects to sell 30% more units than 35,000, which is 35,000 * 1.30 = 45,500 units. At $20 per unit, the sales revenue will be 45,500 * $20 = $910,000.

Silo Company Has One Product and Sold 35,000 Units in the First