Hewitt Company expects cash sales for July of $11,000, and a 19% monthly increase during August and September. Credit sales of $14,000 in July should be followed by 28% increases during August and September. What are budgeted cash sales and budgeted credit sales for September respectively?

The correct answer for cash sales is $15,577.1 and credit sales is $22,937.6

Explanation:

According to the scenario, the given data are as follows:

Cash sales for July = $11,000

Increase rate = 19%

So, Cash sales for August = $11,000 × 119% = $13,090

Now, Cash sales for September = $13,090 × 119% = $15,577.1

Credit sales for July = $14,000

Increase rate = 28%

So, Credit sales for August = $14,000 × 128% = $17,920

Now, Credit sales for September = $17,920 × 128% = $22,937.6

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a manufacturer of printed circuit boards uses exponential smoothing with trend to forecast monthly demand of its product. at the end of december, the company wishes to forecast sales for january. the estimate of trend through november has been 200 additional boards sold per month. average sales have been around 1000 units per month. the demand for december was 1100 units. the company uses α = 0.20 and β = 0.10. make a forecast including trend for the month of january.