Cameroon Corp. manufactures and sells electric staplers for $17.00 each. If 10,000 units were sold in...
Cameroon Corp. manufactures and sells electric staplers for $17.00 each. If 10,000 units were sold in December, and management forecasts 5.0% growth in sales each month, the number of electric stapler sales budgeted for March should be:
Multiple Choice
-
10,000
-
11,576
-
10,500
-
11,025
-
11,100
Homework Answers
We use the formula:
A=P(1+r/100)^n
where
A=future value
P=present value
r=rate of interest
n=time period.
Hence number of electric stapler sales budgeted for March=10,000*(1.05)^3
which is equal to
=11576
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Cameroon Corp.
manufactures and sells electric staplers for $17.00 each. If 10,000
units were sold in...
Cameroon Corp. manufactures and sells electric staplers for $17.00 each. If 10,000 units were sold in...
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