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Question - Partial sales budget information for Charlie's Cracker Company follows:
January
February
March
Total
Cash sales
$30,000
A
B
C
Sales on account
90,000
D
E
F
Total budgeted sales
120,000
G
H
I
The ratio of sales to sales on account will remain stable throughout the quarter. Due to a recently implemented advertising campaign, Charlie's expects a 20% growth rate in sales each month.
Required - Determine the total budgeted sales for February (Item "G" above)?
a. $180,000
b. $144,000
c. $98,000
d. $28,000
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