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24 April, 17:38

Cameroon corp. manufactures and sells electric staplers for $15.90 each. if 10,000 units were sold in december, and management forecasts 5% growth in sales each month, the dollar amount of electric stapler sales budgeted for february should be:

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  1. 24 April, 19:04
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    Sales in December = 10,000*15.90 = $159,000

    For 5% forecast growth each month;

    Sales in January = (1+0.05) * Sales in December = 1.05*159,000 = $166,950

    Sales in February = (1+0.05) * Sales in January = 1.05*166,950 = $175,297.50

    The company should budget for $175,297.50 sales in February.
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