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uysha [10]
3 years ago
6

Cameroon Corp. manufactures and sells electric staplers for $16 each. If 10,000 units were sold in December, and management fore

casts 4% growth in sales each month, the dollar amount of electric stapler sales budgeted for February should be:Multiple Choice$179,978$166,400$173,056$160,000$187,177
Business
1 answer:
bearhunter [10]3 years ago
4 0

Answer:

February sales = $173,056

Explanation:

units sold x sales price = sales revenue

10,000 x 16 = 160,000

Then we will apply the growth rate like compounding interest, because the growth accumulated over time:

December\:Sales * (1+ growth)^{time} = February\:Sales

time will be how many months past from December to February.

160,000* (1.04)^{2} = February\:Sales

February sales = 173056

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Alexxandr [17]

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Option (C) is correct.

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