Cameroon Corporation manufactures and sells electric staplers for $16.80 each. If 10,000 units were sold in December, and management forecasts 5% growth in sales each month, the dollar amount of electric stapler sales budgeted for February should be
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First, we need to find out how many units will be sold in January. We do this by multiplying the December sales by the growth rate, so 10,000 units * 5/100 = <<10000*5/100=500>>500 units. This means 10,000 units + 500 units = <<10000+500=10500>>10,500 units will be sold in January.
Next, we need to find out how many units will be sold in February. We do this by multiplying the January sales by the growth rate, so 10,500 units * 5/100 = <<10500*5/100=525>>525 units. This means 10,500 units + 525 units = <<10500+525=11025>>11,025 units will be sold in February.
Finally, we find out the dollar amount of sales by multiplying the number of units by the price per unit, so 11,025 units * $16.80/unit = $185,220.
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