Zhang Industries sells a product for $700.Unit sales for May were 400 and each month's sales are expected to exceed the prior month's results by 3%.Compute the total budgeted sales dollars for the month ended June 30.

A) $280,000.
B) $297,000.
C) $271,600.
D) $288,400.
E) $364,000.

Question

Peggy Andris · Accepted Answer

Final Answer : D, Explanation :  First, we need to find the expected unit sales for June using the 3% increase from May:400 x 1.03 = 412Then, we can find the total budgeted sales for June by multiplying the expected unit sales by the selling price:412 x 700 = $288,400Therefore, the answer is D.

Zhang Industries sells a product for $700.Unit sales for May were 400 and each month's sales are expected to exceed the prior month's results by 3%.Compute the total budgeted sales dollars for the month ended June 30.

A) $280,000.
B) $297,000.
C) $271,600.
D) $288,400.
E) $364,000.

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Zhang Industries sells a product for $700.Unit sales for May were 400 and each month's sales are expected to exceed the prior month's results by 3%.Compute the total budgeted sales dollars for the month ended June 30.A) $280,000.B) $297,000.C) $271,600.D) $288,400.E) $364,000.

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Learning Objectives

Learning Objectives

Related questions

Zhang Industries sells a product for $700.Unit sales for May were 400 and each month's sales are expected to exceed the prior month's results by 3%.Compute the total budgeted sales dollars for the month ended June 30.

A) $280,000.
B) $297,000.
C) $271,600.
D) $288,400.
E) $364,000.