Stiller Company expects cash sales for July of $15,000, and a 20% monthly increase during August and September. Credit sales of $10,000 in July should be followed by 25% increases during August and September. What are budgeted cash sales and budgeted credit sales for September respectively?

Question

Quizplus · Accepted Answer

B) Cash sales $15,000 × 1.20% =$18,000 × 1.20% = $21,600;
Credit sales $10,000 × 1.25% = 12,500 × 1.25% = $15,625

Stiller Company Expects Cash Sales for July of $15,000, and a 20