Question
Christina Inc. had the following sales during 2019: Quarter 1 10,000 units Quarter 2 11,000 units Quarter 3 14,000 units Quarter 4 12,000 units Christina
Christina Inc. had the following sales during 2019:
Quarter 1 | 10,000 units |
Quarter 2 | 11,000 units |
Quarter 3 | 14,000 units |
Quarter 4 | 12,000 units |
Christina expects sales in each quarter of 2020 to be 10% more than the respective quarters for 2019 and another 15% more in 2021 than they were in 2020. If each unit sells for $110, what amounts will appear as sales revenue in the quarterly sales budgets for 2021?
a) | $1,391,500, 1,530,650, 1,948,100, 1,669,800
| |
b) | $1,210,000; $1,331,000; $1,694,000, $1,452,000 | |
c) | $1,421,750; $1,421,750; $1,421,750; $1,421,750 | |
d) | $1,210,000; $1,331,000; $1,694,000; $1,452,000 | |
e) | None of the answer choices is correct. |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started