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Campbell Pointers Corporation expects to begin operations on January 1 , year 1 ; it will operate as a specialty sales company that sells laser
Campbell Pointers Corporation expects to begin operations on January year ; it will operate as a specialty sales company that sells laser pointers over the Internet. Campbell expects sales in January year to total $ and to increase percent per month in February and March. All sales are on account. Campbell expects to collect percent of accounts receivable in the month of sale, percent in the month following the sale, and percent in the second month following the sale. Required a Prepare a sales budget for the first quarter of year b Determine the amount of sales revenue Campbell will report on the year first quarterly pro forma income statement. c Prepare a cash receipts schedule for the first quarter of year d Determine the amount of accounts receivable as of March year Complete this question by entering your answers in the tabs below. Required Required B Required D Prepare a sales budget for the first quarter of year tableSales Budget,January,February,March
Campbell Pointers Corporation expects to begin operations on January year ; it will operate as a specialty sales company that sells laser pointers over the Internet. Campbell expects sales in January year to total $ and to increase percent per month in February and March. All sales are on account. Campbell expects to collect percent of accounts receivable in the month of sale, percent in the month following the sale, and percent in the second month following the sale.
Required
a Prepare a sales budget for the first quarter of year
b Determine the amount of sales revenue Campbell will report on the year first quarterly pro forma income statement.
c Prepare a cash receipts schedule for the first quarter of year
d Determine the amount of accounts receivable as of March year
Complete this question by entering your answers in the tabs below.
Required
Required B
Required D
Prepare a sales budget for the first quarter of year
tableSales Budget,January,February,March
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