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Horatio Pte. Ltd. expects currency sale of RM7,000 surrounded by June, next to a 10% monthly increase during July and August. Credit sale are estimated at RM20,000 within June, near a 25% monthly increase during July and August. Total budgeted sale for August are:
a)RM11,595
b)RM9,000
c)RM10,200
d)RM11,400
Answers:
I dream up the credit sale are 2,000 surrounded by June, not 20,000. Otherwise, as the answer above states, the total sale would be 39,720 which doesnt fit any of the answers. However, if credit sale are 2,000 after the answer would be a) 11,595.
(7,000 x 1.10) x 1.10 = 8,470
(2,000 x 1.25) x 1.25 = 3,125
8,470 + 3,125 = 11,595
None of the answers fits. Total sale within June are $27,000 and an increase is expected in July and August, so budgeted sale for August have to be more than $27,000.
Based on the numbers given, sale within August should be $39,720.
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a)RM11,595
b)RM9,000
c)RM10,200
d)RM11,400
Answers:
I dream up the credit sale are 2,000 surrounded by June, not 20,000. Otherwise, as the answer above states, the total sale would be 39,720 which doesnt fit any of the answers. However, if credit sale are 2,000 after the answer would be a) 11,595.
(7,000 x 1.10) x 1.10 = 8,470
(2,000 x 1.25) x 1.25 = 3,125
8,470 + 3,125 = 11,595
None of the answers fits. Total sale within June are $27,000 and an increase is expected in July and August, so budgeted sale for August have to be more than $27,000.
Based on the numbers given, sale within August should be $39,720.