Levon sells cartoon balloons in town. His family business thrives. Levon's balloons are priced at $7.00 each and sells 394 balloons each month. His largest competitor, Paul, sells 775 balloons each month at a price of $3.00 each. Levon estimates the total balloon market in town to be 2000 per month at an average price of $5.00 per balloon. What is the total market size in revenues (per month)? *Answer in dollars*
Levon sells cartoon balloons in town. His family business thrives. Levon's balloons are priced at $7.00 each and sells 394 balloons each month. His largest competitor, Paul, sells 775 balloons each month at a price of $3.00 each. Levon estimates the total balloon market in town to be 2000 per month at an average price of $5.00 per balloon. What is the total market size in revenues (per month)? *Answer in dollars*
Chapter7: Budgeting
Section: Chapter Questions
Problem 14EB: Earthies Shoes has 55% of its sales in cash and the remainder on credit. Of the credit sales, 70% is...
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Levon sells cartoon balloons in town. His family business thrives. Levon's balloons are priced at $7.00 each and sells 394 balloons each month. His largest competitor, Paul, sells 775 balloons each month at a price of $3.00 each. Levon estimates the total balloon market in town to be 2000 per month at an average price of $5.00 per balloon.
What is the total market size in revenues (per month)?
*Answer in dollars*
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