Titan Fishing Boats had product sales for the current year as follows: Q1 2,000 boats; Q2 2,400 boats; Q3 1,800 boats; Q4 1,200 boats. Current selling price is $5,000 per boat. A strong economy and specific market initiatives at Titan for next year indicate that sales volume is expected to increase by 2% per quarter cumulatively for each quarter and sales price will increase by 4% per boat. The sales revenue forecast for Q4 next year would be:
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Ответ:
Titan Fishing Boats
The sales revenue forecast for Q4 next year would be
= $6,364,800
Explanation:
a) Data and Calculations:
Current Year Next Year
Q1 2,000 boats 2,040 boats (2,000 * 1.02)
Q2 2,400 boats 2,448 boats (2,400 * 1.02)
Q3 1,800 boats 1,836 boats (1,800 * 1.02)
Q4 1,200 boats 1,224 boats (1,200 * 1.02)
Expected increase per quarter = 2% cumulatively
Selling price per boat = $5,000
Expected increase in selling price = 4% ($200)
New selling price per boat = $5,200
The sales revenue forecast for Q4 next year would be = $6,364,800 ($5,200 * 1,224)
Ответ: