Business, 08.07.2019 23:20 brooklyn4932

In 2017, hart & sons, a small environmental-testing firm, performed 11,400 radon tests for $ 260 each and 15,000 lead tests for $ 210 each. because newer homes are being built with lead-free pipes, lead-testing volume is expected to decrease by 12% next year. however, awareness of radon-related health hazards is expected to result in a 5% increase in radon-test volume each year in the near future. jim hart feels that if he lowers his price for lead testing to $ 200 per test, he will have to face only a 4% decline in lead-test sales in 2018. 1. prepare a 2018 sales budget for hart & sons assuming that hart holds prices at 2017 levels.2. prepare a 2018 sales budget for hart & sons assuming that hart lowers the price of a lead test to $200. should hart lower the price of a lead test in 2018 if the company’s goal is to maximize sales revenue?

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In 2017, hart & sons, a small environmental-testing firm, performed 11,400 radon tests for $ 26...

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