Cameroon Corp. manufactures and sells electric staplers for $17.00 each. If 10,000 units were sold in...

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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 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

business accounting

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Answer 1

Answer #1

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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Answer 2

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Cameroon Corp. manufactures and sells electric staplers for $17.00 each. If 10,000 units were sold in...

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