Horatio Pte. Ltd. expects cash sales of RM7,000 in June, with a 10% monthly increase during July and August. Credit sales are estimated at RM20,000 in June, with a 25% monthly increase during July and August. Total budgeted sales for August are:
a)RM11,595
b)RM9,000
c)RM10,200
d)RM11,400
2007-08-12 22:11:01 · 2 answers · asked by mahmood a 1 in Business & Finance ➔ Other - Business & Finance
I think the credit sales are 2,000 in June, not 20,000. Otherwise, as the answer above states, the total sales would be 39,720 which doesnt fit any of the answers. However, if credit sales are 2,000 then the answer would be a) 11,595.
(7,000 x 1.10) x 1.10 = 8,470
(2,000 x 1.25) x 1.25 = 3,125
8,470 + 3,125 = 11,595
2007-08-13 09:13:40 · answer #1 · answered by mindcrime828 7 · 0⤊ 0⤋
None of the answers fits. Total sales in June are $27,000 and an increase is expected in July and August, so budgeted sales for August has to be more than $27,000.
Based on the numbers given, sales in August should be $39,720.
2007-08-13 05:19:55 · answer #2 · answered by Anonymous · 0⤊ 0⤋