A July sales forecast projects that 6,000 units are going to be sold at a price of $10.50 per unit.Management forecasts 2% growth in sales each month.Total August sales are anticipated to be:
A)$63,000.
B)$67,500.
C)$61,250.
D)$64,260.
E)$60,000.

Question

Quizplus · Accepted Answer

To calculate the total sales for August, we need to first calculate the sales for July: 
6,000 units x $10.50 per unit = $63,000

Next, we need to calculate the 2% growth for August: 
$63,000 x 2% = $1,260

Finally, we can calculate the total sales for August: 
$63,000 + $1,260 = $64,260

Therefore, the correct answer is D.

A July Sales Forecast Projects That 6,000 Units Are Going