In 2017, Lippart & Sons, a small environmental-testing firm, performed 11,800 radon tests for $280 each and 15,800 lead tests for $190 each. Because newer homes are being built with lead-free pipes, lead-testing volume is expected to decrease by 15% next year. However, awareness of radon-related health hazards is expected to result in a 7% increase in radon-test volume each year in the near future. Jim Lippart feels that if he lowers his price for lead testing to $180 per test, he will have to face only a 4% decline in lead-test sales in 2018 Read the requirements Requirement 1. Prepare the sales budget for Lippart & Sons assuming that prices are held at 2017 levels. Sales Budget For the Year Ended December 31, 2018 Total revenues Radon tests Lead tests Total Total Requirement 2. Prepare the sales budget assuming that Lippart lowers the price of a lead test to $180 Sales Budget For the Year Ended December 31, 2018 Total revenues Radon tests Lead tests Total Lippart | lower the price of a lead test in 2018 if its goal is to maximize sales revenue Choose from any list or enter any number in the input fields and then continue to the next question. Requirements 1. Prepare a 2018 sales budget for Lippart& Sons assuming that Lippart holds prices at 2017 levels 2. Prepare a 2018 sales budget for Lippart & Sons assuming that Lippart lowers the price of a lead test to $180. Should Lippart lower the price of a lead test in 2018 if the company's goal is to maximize sales revenue? Print Done