Question 5

O'Brien Company has one product and sold 10,000 units in the first quarter of 2019. The company expects to sell 25% more units in the first quarter of 2020, at a price of $50 per unit. Based on this information, what is the amount of sales revenue that will appear in the budgeted income statement for the first quarter of 2020?

	a)	$625,000
	b)	$550,000
	c)	$575,000
	d)	$600,000
	e)	None of the answer choices is correct.