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vivado [14]
2 years ago
9

Manhattan Enterprises manufactures cookware sets and sells the sets to department stores. Manhattan expects to sell 2,100 cookwa

re sets for $260 each in April and 3,900 cookware sets for $275 each in May. Sales are 10% cash and 90% on account. Compute the total budgeted sales for May.
Business
1 answer:
Ierofanga [76]2 years ago
8 0

Answer:

May sales collection

May cash sales                 107,250

April account sales         <u>  491,400  </u>

Total sales collection       598,650

Explanation:

On May we will collect the cash sales for May

And the sales on account for April, we need to calcualte and add these two values.

Sales for May

3,900 x 275 = 1,072,500

<em>Cash Sales for May  </em>

<em>10% of may sales: 107,250</em>

<em />

Sales from April

2,100 x 260 = 546,000

<em>Credit sales for April </em>

<em>546,000 x 90% = 491,400</em>

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