Exercise 14-2a (Algo) Preparing a sales budget Lo 14.2 Stuart Company. Which expects to start operations on January 1, year 2, witi sell digital cameras in shopping malls. Stuart has budgeted sales as indicated in the following table. The company expects a 12 percent increase in sales per month for February and March. The ratio of cash sales to sales on account Wil 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 Stuart will report on its first quarter pro forma income statement. Complete this question by entering your answers in the tabs below. two decimal places.) Determine the amount of sales revenue Stuart will report on its fitat quarter pro forma income statement. Ca notiraund Internediate coiculations feothil inal answers to two decimai places.) Exercise 14-3A (Algo) Preparing a schedule of cash recelpts LO 14-2 The budget director of Heather's Florist has prepared the following sales budget. The company had $220,000 in accounts recelvable on July 1. Heather's Florist normally collects 100 percent of accounts recelvable 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 answars in the tabs below. Complete the schedule of cash receipts by filling in the missing amounts. Exercise 14-3A (Algo) Preparing a schedule of cash recelpts L0 14-2 The budget director of Heather's Florist has prepared the following sales budget. The company had $220.000 in accounts receivable on July 1. Heather's Fiorist normally collects 100 porcent of accounts receivable in the month following the month of sale. Required a. Complete the schedule of cash recelpts by filling in the missing amounts. b. Dotermine the amount of accounts recelvable the company will report on its third quarter pro forma balance sheet. Cemplete this question by entering your answers In the tabs below. Determine the amount of accounts recelvable the company will report on its third quarter pro forma balance sheet. Exercise 14-7A (Algo) Preparing an inventory purchases budget LO 14-3 Finch Company sells lamps and other lighting fixtures. The purchasing department manager prepared the following inventory purchases budget. Finch's policy is to maintain an ending inventory balance equal to 15 percent of the following month's cost of goods sold. Aprli's budgeted cost of goods sold is $81,000. Required a. Complete the inventory purchases budget by filling in the missing amounts. b. Determine the amount of cost of goods sold the compony will report on its first quarter pro forma income statement. c. Determine the amount of ending inventory the company will report on its pro forma balance sheet at the end of the first quarter. Complete this question by entering your answers in the tabs below. Complete the imentory purchases budget by filing in the missing amounts. Exercise 14-7A (Algo) Preparing an inventory purchases budget LO 14-3 Finch Company selis lamps and other lighting fixtures. The purchasing department manager prepared the following inventory purchases budget. Finch's policy is to maintain an ending inventory balance equal to 15 percent of the following month's cost of goods sold. Aprir's budgeted cost of goods sold is $81,000. Required a. Complete the inventory purchases budget by filing in the miasing amounts. b. Determine the amount of cost of goods sold the company will report on its first quarter pro forma income statement. c. Determine the amount of ending inventory the company will report on its pro forma batance sheet at the end of the flist quartet. Complete this question by entering your anwwers in the tabs below. Determine the amount of cost of goods sold the company will report on its first quarter pro forma income statement: Determine the amount of ending inventory the company will report on its pro forma balance sheet at the end of the first quarter
