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18 November, 13:52

Our company 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 February should be:

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  1. 18 November, 15:57
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    The correct answer is $173056.

    Explanation:

    The price of electric staplers is $16 per unit.

    The quantity of staplers sold in December is 10,000.

    A 4% growth rate for each month has been forecast by the management.

    The quantity of staplers sold in January will be

    =10000 + (4% of 10000)

    = 10400

    The quantity of staplers sold in February will be

    =10400 + (4% of 10400)

    = 10816

    Thus the budget sale for stapler for the month of February will be

    =10816 x $16

    =$173056
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