Swamp Fox has the following sales forecasts for its hip waders next year: First

Question

Swamp Fox has the following sales forecasts for its hip waders next year:

First Quarter…………………..29,000 pairs
Second Quarter……………….6% increase over first quarter
Third Quarter…………………5% decrease from second quarter
Fourth Quarter………………..9% increase over first quarter

What is Swamp Fox's estimated sales in units for next year?

120,553 pairs.

110,200 pairs.

116,000 pairs.

117,363 pairs.

Some other amount.

What is Swamp Fox's estimated sales revenue for next year if each pair sells for an average of $35?

$3,857,000.

$4,060,000.

$4,107,705.

$4,219,355.

Some other amount.

Explanation / Answer

Swamp Fox's estimated sales in units for next year = 29,000 + (29,000 X 1.06) + (29,000 X 1.06 X 0.95) + (29,000 X 1.09) = 120,553 pairs.

Swamp Fox's estimated sales revenue for next year = 120,553 pairs X $35 = $4,219,355.

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