Hewitt company expects cash sales for july of $ 19 comma 000, and a 22% monthly increase during august and september. credit sales of $ 5 comma 000 in july should be followed by 31% increases during august and september. what are budgeted cash sales and budgeted credit sales for september respectively? (round final answers to the nearest dollar.)

$28,279.60 and $8,580.50

Explanation:

The computation of the budgeted cash sales and budgeted credit sales for September is shown below:

For cash sales:

= July cash sales + July cash sales × increased percentage + Total cash sales × increased percentage

= $19,000 + $19,000 × 22% + $23,180 × 22%

= $28,279.60

The total cash sales = $19,000 + $19,000 × 22%

For credit sales:

= July credit sales + July credit sales × increased percentage + Total credit sales × increased percentage

= $5,000 + $5,000 × 31% + $6,550 × 31%

= $8,580.50

The total cash sales = $19,000 + $19,000 × 22%

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best of luck,

the divergent