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In 2000, Weily \& Sont, a smal environmentai-testing firm, performed 12,000 radon tests for $300...

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Accounting

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In 2000, Weily \& Sont, a smal environmentai-testing firm, performed 12,000 radon tests for $300 each and 15,600 lead tests for $210 each. Because newer homes are being buit with lesd-free pipos, lead-testing volume is expected to docrease by 11% next year. Howevoc, awareness of radon-elatod heolh hazarts is expected to rewilt in a 7% increase in radon-lest volume each year in the near future. Jim Welty feels that it he lowers his price for lead tosting to $190 per lest, he will have to face only a 5% decthe in lead-lest saies in 2021. Read the requirements. Requirement 1. Prepare the sales budget for Wehy \& Sons assuming that poces are hold at 2020 levels. Requirements 1. Prepare a 2021 sales budget for Welty & Sons assuming that Welty holds pricos at 2020 leveis. 2. Prepare a 2021 sales budget for Welty \& Sons assuming that Wolty lowers the price of a lead test to $190. Should Welty lower the price of a lead test in 2021 if the company's goal is to maximize sales rovenue

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