Describe a real or made up but realistic situation in which you would want to use revolving credit. (2-4 sentences)
1 answer:
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Answer:
$210,000
Explanation:
With the provided information we have,
August budgeted sales = 8,000 units
Growth every month = 5% increase in units
Sales for September = 8,000 + (8,000 5%)
= 8,000 + 400 units = 8,400 units
Selling price = $25 for each unit
Therefore, expected sales total for the month of September = 8,400 $25 = $210,000
Answer:
Answer sheet required more space then was available so I attached it as a picture.
