Homework Answers
Last years' sales = 3900 units @ $85 per unit = $331500
Projected sales volume in current year = 20 % increase = 3900 * 120% = 4680
Projected sales price in current year = 20% increase of sales price of $85 per unit = $85 * 120% = $102 per unit
Now,
Projected sales in current year = Projected sales volume * Projected sales price
Projected sales in current year = 4680 units * $102 per unit = $477360
Returned merchandise = 10% of projected sales = 10% * $477360 = $47736
Net sales = Projected sales - Returned merchandise
Net sales = $477360 - $47736 = $429624
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