Question

Piatt Company expects cash sales for July of

$15,000​,

and a

29​%

monthly increase during August and September. Credit sales of

$1,400

in July should be followed by

34​%

increases during August and September. What are budgeted cash sales and budgeted credit sales for September​ respectively? (Round final answers to the nearest​ dollar.)

A.

$11,628

and $1,045

B.

$19,350

and $1,876

C.

$24,962

$2,514

D.

$20,100

and $ 1,806

Answer 1

Correct answer---(C) $24962, $2514

Calculations

A	Cash sales in July	$     15,000
B=A x 129%	August expectation cash sales	$     19,350
C=B x 129%	September expected cash sales	$     24,962

A	Credit sales in July	$        1,400
B=A x 134%	August expectation credit sales	$        1,876
C=B x 134%	September expected credit sales	$        2,514