MM Company budgets sales of $20,000 for May. MM's production manager discovered a way to use more sustainable packaging.

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Topic: Accounting Posted 1 month ago

MM Company budgets sales of $20,000 for May. MM's production manager discovered a way to use more sustainable packaging.

MM Company budgets sales of $20,000 for May. MM's production manager discovered a way to use more sustainable packaging. As a result, MM's product will receive better placement on store shelves and May sales are predicted to increase by 7%. Compute budgeted sales for May assuming MM switches to this more sustainable packaging.

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Koala Tutor

Nov 20, 2024

Koala Ai Support

To find the new budgeted sales for May, we first need to find out how much sales will increase by. We do this by multiplying the original sales by the percentage increase.

So, $20,000 * 7/100 = $1,400

Then we add this increase to the original sales to find the new budgeted sales.

So, $20,000 + $1,400 = $21,400

Therefore, if MM switches to more sustainable packaging, the budgeted sales for May would be $21,400.

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