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 dollar amount of electric stapler sales budgeted for February should be:

Question

Quizplus · Accepted Answer

To find the budgeted sales for February, calculate the sales for January first: 10,000 units * 1.04 = 10,400 units. Then, calculate February sales: 10,400 units * 1.04 = 10,816 units. Finally, multiply by the price per unit: 10,816 units * $16 = $173,056.