The Sledge Hammer Company Manufactures a Line of High Quality

question 50

Multiple Choice

The Sledge Hammer Company manufactures a line of high quality tools.The company sold 1,000,000 hammers at a price of $4 per unit last year.The company estimates that this volume represents a 20% share of the current hammers market.The market is expected to increase by 5%.Marketing specialists have determined that,as a result of a new advertising campaign and packaging,the company will increase its share of this larger market to 24%.Due to changes in prices,the new price for the hammer will be $4.30 per unit.This new price is expected to be in line with the competition and have no effect on the volume estimates.What are the estimated sales revenues in the coming year?

• A)$5,040,000.
• B)$5,160,000.
• C)$5,418,000.
• D)$5,689,000.

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Definitions:

Reception

The process or act of receiving signals, substances, or stimuli, either in cells or at sensory organs.

Pudendal Cleft

Cleft between the labia majora.

Vestibular Glands

Glands located near the vaginal opening, responsible for secreting lubricating fluid.

Mons Pubis

Prominence caused by a pad of fatty tissue over the symphysis pubis in the female.