Luckily, Sales of Your Star Wars T-Shirts Are Now 57

question 18

Multiple Choice

Luckily, sales of your Star Wars T-shirts are now 57 T-shirts per week and increasing continuously at a rate of 3% per week. You are now charging $14 per T-shirt and are decreasing the price by 30 cents per week. How much revenue will you generate during the next six weeks Round your answer to the nearest cent.

• A)$4,905.88
• B) $4,884.13
• C) $4,892.10
• D) $4,876.88
• E) $4,891.38

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Definitions:

Cash Budget

A financial plan that estimates cash inflows and outflows over a specific period, often used to assess liquidity and manage cash flow.

Fixed Asset Turnover Ratio

A financial metric that measures how efficiently a company is using its fixed assets to generate sales.

Overall Management

Overall management involves the comprehensive coordination and administration of all aspects of an organization or project, including strategy, operations, finance, and human resources, to achieve its objectives.

Financial Records

Financial records are written accounts of a business's financial activity, including transactions, income, and expenses, essential for tracking financial performance.