Our company manufactures and sells electric staplers for $16 each. If 10,000 units were sold in December, and management forecasts 4% growth in sales each month, the number of electric stapler sales budgeted for March should be:. A) 10,000.
B) 11,249.
C) 10,400.
D) 10,816.
E) 11,000.

B) 11,249.

Explanation:

The computation of the number of electric stapler sales budgeted for Marchis shown below:

On Jan

= 10,000 units × 1.04

= 10,400 units

On feb

= 10,400 units × 1.04

= 10,816 units

On march

= 10,816 units × 1.04

= 11,248.64 units

Hence, the correct option is B. 11,249

therefore all other options are wrong

We simply multiplied the unit sales with the growth rate

cognitive overload: having a lot on your mind impairs decision-making and tends to result in the simplest, but not necessarily best, option being selected.

empathy gaps: overlooking how you might feel in a different situation can result in unnecessary purchases, such as overbuying when shopping for food on an empty stomach.

optimism and overconfidence: wearing rose-tinted glasses and having unrealistic expectations about the future can affect money management and leave you unprepared for a change in circumstance.

instant gratification: seeking instant gratification drives impulsive spending and can undermine long-term planning and savings.

harmful habits: automatic or mindless behaviour can amplify a poor financial decision as it becomes a recurring event.

social norms: we are heavily influenced by the actions of others; while this can be in certain circumstances, it also contributes to the pressure to keep up with the joneses through conspicuous consumption.