Exercise 14-2A (Algo) Preparing a sales budget LO 14-2 Stuart Company, which expects to start operations on January 1, year 2. will 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 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 Stuart will report on its first quarter pro forma income statement Complete this question by entering your answers in the tabs below. Required A Required ces Complete the sales budget by Niting in the missing amounts. (Do not round intermediate calculations. Round final answers to two decimal places) Fibrary March Soos Cash sales Sales on account Totatbudooted sales January 532.000 100 000 5 132.000 800 5 000 Required > Stuart Company, which expects to start operations on January 1 year 2 will 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 will remain stable from January through March Required o. 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. Required Required B Determine the amount of sales revenue Stuart will report on its first quarter pro forma income statement. Do not round Intermediate calculations. Round final answers to two dedmal places.) Sales Jordan Company sells lamps and other lighting fixtures. The purchasing department manager prepared the following inventory purchases budget Jordan's policy is to maintain an ending inventory balance equal to 20 percent of the following month's cost of goods sold. April's budgeted cost of goods sold is $77.000, Required a. Complete the inventory purchases budget by filling in the missing 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 balance sheet at the end of the first quarter Complete this question by entering your answers in the tabs below. Rega Reg Band Determine the amount of cont 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 Cost of goods sold c Eriding Inwentory
