Cyber Security Systems had sales of 4,600 units at $65 per unit last year. The marketing manager projects a 30 percent increase

Question

3 years ago

8

Cyber Security Systems had sales of 4,600 units at $65 per unit last year. The marketing manager projects a 30 percent increase

in unit volume sales this year with a 40 percent price increase. Returned merchandise will represent 5 percent of total sales. What is your net dollar sales projection for this year

Business

1 answer:

scoray [572] · Answer 1 · 2022-01-31T23:17:39+03:00

Answer:

Net dollar sales projection for this year = 516,971.00

Explanation:

Projected sales volume

130%× 4,600= 5,980units

Project selling price

=140% × $65

= $91

Total sales value

= $91 × 5980units

= $ 544,180.00

Net dollar sales projection

= Total sales value - Returned merchandise

= 544,180.00 - (5% × 544,180.00 )

= $ 516,971.00

Net dollar sales projection for this year = 516,971.00