Question

Cameroon corporation manufactures and sells electronic staplers for $20 each. If 10,800 units were sold in December, and management forecasts 5% growth in sales each month, the number of units of electric stapler sales budgeted for February should be ________.

Answer 1

To calculate the number of units of electric stapler sales budgeted for February, we need to calculate the sales growth from December to February and then add this growth to the December sales. The projected sales for January would be 11,340 units, and the projected sales for February would be 11,907 units.

Step-by-step explanation:

To calculate the number of units of electric stapler sales budgeted for February, we need to calculate the sales growth from December to February and then add this growth to the December sales.

First, let's calculate the sales growth from December to January. In December, 10,800 units were sold. To calculate the growth, we multiply 10,800 by 5% (0.05) to get 540.

So, the projected sales for January would be 10,800 + 540 = 11,340 units.

Now, let's calculate the sales growth for February.

To do this, we multiply the sales for January (11,340) by 5% (0.05) to get 567.

The projected sales for February would be 11,340 + 567 = 11,907 units.