Rong comp expects cash sales for july of 15000 and a 20, Financial Accounting

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Rong comp expects cash sales for july of 15000 and a 20

Rong Comp. expects cash sales for July of $15,000 and a 20% monthly increase during August and September. Credit sales of $6,000 in July should be followed by 10% decreases during August and September. What are budgeted cash sales and budgeted credit sales for September?

a. $12,150 and $8,640

b. $13,500 and $7,200

c. $18,000 and $5,400

d. $21,600 and $4,860

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Financial Accounting: Rong comp expects cash sales for july of 15000 and a 20

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