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Baird Company, which expects to start operations on January 1, year 2, will sell digital cameras in shopping malls. Baird has budgeted sales as indicated
Baird Company, which expects to start operations on January 1, year 2, will sell digital cameras in shopping malls. Baird has budgeted sales as indicated in the following table. The company expects a 13 percent increase in sales per month for February and March. The ratio of cash sales to sales on account will remain stable from January through March. Required a. Complete the sales budget by filling in the missing amounts. b. Determine the amount of sales revenue Baird will report on its first quarter pro forma income statement. Complete this question by entering your answers in the tabs below. Complete the sales budget by filling in the missing amounts. (Do not round intermediate calculations. Round final answers to two decimal places.) Baird Company, which expects to start operations on January 1, year 2 , will sell digital cameras in shopping malls. Baird has budgeted sales as indicated in the following table. The company expects a 13 percent increase in sales per month for February and March. The ratio of cash sales to sales on account will remain stable from January through March. Required a. Complete the sales budget by filling in the missing amounts. b. Determine the amount of sales revenue Baird will report on its first quarter pro forma income statement. Complete this question by entering your answers in the tabs below. Determine the amount of sales revenue Baird will report on its first quarter pro forma income statement. (Do not round intermediate calculations. Round final answers to two decimal places.) The budget director of Heather's Florist has prepared the following sales budget. The company had $200,000 in accounts receivable on July 1. Heather's Florist normally collects 100 percent of accounts receivable in the month following the month of sale. Requlred a. Complete the schedule of cash receipts by filling in the missing amounts. b. Determine the amount of accounts receivable the company will report on its third quarter pro forma balance sheet. Complete this question by entering your answers in the tabs below. Complete the schedule of cash receipts by filling in the missing amounts. The budget director of Heather's Florist has prepared the following sales budget. The company had $200,000 in accounts receivable on July 1. Heather's Florist normally collects 100 percent of accounts receivable in the month following the month of sale. Required a. Complete the schedule of cash receipts by filling in the missing amounts. b. Determine the amount of accounts receivable the company will report on its third quarter pro forma balance sheet. Complete this question by entering your answers in the tabs below. Determine the amount of accounts receivable the company will report on its third quarter pro forma balance sheet
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