Grace sells miniature digital cameras for $250 each. 1,000 units were sold in May, and it forecasts 4% growth in unit sales each month.

QS 22-10 Sales budget LO P1

Grace sells miniature digital cameras for $250 each. 1,000 units were sold in May, and it forecasts 4% growth in unit sales each month.

(a)

Determine the number of camera sales for the month of June. Explanation: Grace Sales Budget For The Month Ended June 30   Prior month's unit sales     1000     Plus 4% growth in unit sales      40        Projected June sales (units)     1040     Selling price per unit   ×   $ 250        Projected sales for June   $ 260,000