1 Grace manufactures and sells miniature digital cameras for

1 Grace manufactures and sells miniature digital cameras for $250 each, 1,000 units were sold In May, and management forecasts 4% growth in unft sales each month (a) Determine the number of unlts of camera sales for the month of June. (b) Determine the dollar amount of camera sales for the month of June. 2

Solution

Requirement a Number of camera sales for the month of June         1,040 Units Explanation: May Month Sales in units         1,000 Units Growth in Sales (1,000 X4%) 40 Units Number of camera sales for the month of June         1,040 Units Requirement b Amount of Camera sales in June (1,040 * $250) $260,000