Exercise 14-2A (Algo) Preporing o sales budget LO 14-2 Fanning Company, which expects to start operations on Jaruacy 1, year 2, wil sell digital cameras in shopping malls, Fanning has budpeted sales as indicated in the following table. The company expects a 14 percent increase in sales per month for Febriary and March. The ratio of cash sales to sales on account will remain stable fiom Jantary through March. Required a. Complete the sales budiget by filing in the missing amounts b. Determine the amount of sales revenue Fanning will report on its first quater pro foena income statement. Complete this question by entering your answers in the tabs below. two deditisl filieest-1) Exercise 14-2A (Algo) Preporing a sales budget LO 14-2 Fanning Company, which expects to start operations on January 4 yeor 2 . Will sel digtal cameras in shopping malis. Fanring has budgeted saies as indicated in the following table. The company expects a 14 percers increase in sales per month for February and March. The ratio of cash sales to sales on account will redinin stable from fanuary through March. Required a. Complete the sales budget by filling in the missing amounts. b. Determine the amount of sales revente Farning will report on is first quarter pro forma income statement. Complete thes rquestion ty entering your answers in the tabs below. intemeitiate cakulatians, Round Final answers to two decimal ptaces.- Exercise 14-3A (Algo) Preparing a schedule of cash receipts LO 14-2 The budget dicector of Heather's Florist has prepared the following sales budget. The company had 5250000 in accounts recevable on July 1. Heather's Flonst normally collects 100 percent of accounts recetoble in the month folowing the month of sale. Reculred a. Complete the schedule of cash receipts by filling in the missing amounts. b. Determine the amount of accounts receivable the compary wit teport on its third quarter pro farma balance sheet. Complete this question by entering your answers in the tabs below. Complete the schedule of cash recelpts by filing in the missing amounts. Exercise 14-3A (Algo) Preparing a schedule of cash receipts LO 14-2 The budget drector of Heather's Florist has prepared the following sales budget. The company had $250000 in pccounts recetvable ton Juy 1. Hearher's Florist normaly collects 100 percent of accoums recelvable in the mantin following the month of sale Required a. Complete the schedule of cash receipts by faling in the mussing amounts. b. Determine the amount of accounts receivable the company will report on its third quarter pro forma balance sheet. Cemplete this question by entering your answers in the tabs helow. Determine thin ambont of accounts recelvable the company wit report en its third quatter pro forma bulasce sheet, Exercise 14-7A (Algo) Preparing an imventory purchases budget LO 14-3 5 otaman Compery seds amps and other boghting fixtures. The purthasing department managet preared the folowing imventacy. purchines booget. Solomoris polcy is to mairtain an enting inemocy balarke equal to 15 percent of the foliowing monthis cost of geods sold Acre's budgeted eat of goods sold 15$82000 Recplired B. Complete the itientory purchases budget by fiting in the misuing amounts. Campiele this questiae by entering your awswers in the tabs thetere. Complete the Itveruloripeschares bydaet by filing in the midsitog articures. Exercise 14.7A (Algo) Preparing an inventory purchases budget LO 14-3 Solomon Compary sels lamps and cther achang fixtures. The purchasing department Alarager prepared the following unventory purchases budget. Solomon's poscy is to mantan ariending inventory batance equal to 15 percent of the following month's cost of goods said. Aprirs budgeted cost of gqods sold is 582000 Required a. Conpiete the mentery purchases budget by fiting in the miaung amoumss. b. Determane the amount of cost of goods sold the company wil repoit on its first quarter pro foems aycome statement. c. Determane the amount of ending inwentory the company wit report on its pro forma bstance sheet at the end of the first puarter. Complete this question by entering your answers in the tabs tollow. Oetermine the amouri of cost of gosde sold the compuny =it repoit of iss firat quarter peo forma inioche statemint: betermine the amoufit of ending imentory the compawy will report on ite pro foimita balance thiset at the end of the first Guarter, Problem 14-20A (Algo) Preparing a cash budget LO 145 Gosen Medical Cleve has truageted the followeng cash flowt. Pequited kidicated with o minos sign
