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In 2017, Welty & Sons, a small environmental-testing firm, performed 12,200 radon tests for $310 each and 16,200 lead tests for $240 each. Because newer homes are being built with lead-free pipes, lead-testing volume is expected to decrease by 13% next year. However, awareness of radon-related health hazards is expected to result in a 7% increase in radon-test volume each year in the near future. Jim Welty feels that if he lowers his price for lead testing to $220 per test, he will have to face only a 6% decline in lead-test sales in 2018. Read the requirements. Requirement 1. Prepare the sales budget for Welly & Sons assuming that prices are held at 2017 levels. i Requirements Sales Budget For the Year Ended December 31, 2018 Selling price Units sold in 2018 310 240 Total revenues Radon tests Lead tests Total 1. Prepare a 2018 sales budget for Welty & Sons assuming that Welty holds prices at 2017 levels. 2. Prepare a 2018 sales budget for Welty & Sons assuming that Welty lowers the price of a lead test to $220. Should Welty lower the price of a lead test in 2018 if the company's goal is to maximize sales revenue? Requirement 2. Prepare the sales budget assuming that Welty lowers the price of a lead test to $220. Sales Budget For the Year Ended December 31, 2018 Print Print Done Done Total revenues Radon tests Lead tests Total Welty lower the price of a lead test in 2018 If its goal is to maximize sales revenue. Choose from any list or enter any number in the input fields and then continue to the next

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