Question

Culinary Enterprises manufactures cookware sets and sells the sets to department stores. Culinary expects to sell 2 comma 300 cookware sets for $ 280.00 each in April and 3 comma 900 cookware sets for $ 295.00 each in May. Sales are 10​% cash and 90​% on account. Compute the total budgeted sales for May.

Answer 1

Budgeted sales revenue in May is $ 1,150,500.00

Step-by-step explanation:

The total budgeted sales in May can be calculated using the revenue formula,which is that revenue equals price per unit multiplied by quantity of sales:

In this case of Culinary Enterprises,the budgeted sales quantity for May is 3,900 while price per unit is set at $295 ,invariably budgeted sales revenue is computed thus:

Budgeted sales revenue=$295*3,900=$ 1,150,500.00

The expected sales revenue in May is $ 1,150,500.00

Answer 2

The answer is given below;

Step-by-step explanation:

May Total Budgeted Sales $3,900*295= $1,150,500

Cash Sales $1,150,500*10%=$115,050

Credit Sales (1,150,500-115,050)=$1,035,450