In 2013, Sunny Electronics expects to sell 100,000 3-D television sets for an average price of $1,000.
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In 2013, Sunny Electronics expects to sell 100,000 3-D television sets for an average price of $1,000. Expected production costs are $600 per unit. In 2014, volume is expected to increase by 10%, Inflation will increase the cost per unit by 3%, but to attract more buyers, Sunny will reduce the price to $950. In nominal dollars, the expected gross profit for 2014 is
A) $40 million.
B) $45.32 million.
C) $48.20 million.
D) $50 million.
A) $40 million.
B) $45.32 million.
C) $48.20 million.
D) $50 million.
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