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12 December, 23:12

Russell Company expects cash sales for July of $ 12 comma 000 , and a 29 % monthly increase during August and September. Credit sales of $ 7 comma 000 in July should be followed by 11 % decreases during August and September. What are budgeted cash sales and budgeted credit sales for September? (Round final answers to the nearest dollar.)

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  1. 12 December, 23:28
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    September budgeted cash sales = $19,969

    September budgeted credit sales = $5,545

    Explanation:

    July expected cash sales = $12,000

    July expected credit sales = $7,000

    Monthly cash sales increase = 29%

    Monthly credit sales decrease = 11%

    August budgeted cash sales = $12,000 x 1.29 = $15,480

    August budgeted credit sales = $7,000 x 0.89 = $6,230

    September budgeted cash sales = $15,480 x 1.29 = $19,969

    September budgeted credit sales = $6,230 x 0.89 = $5,545
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