Finch Company, which expects to start operations on January 1 2018, will sell digital cameras in shopping malls. Finch has budgeted sales as indicated in the following table. The company expects a 11 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 Finch will report on its first quarter pro forma income statement Complete this question by entering your answers in the tabs below. erences Required A Required B Complete the sales budget by filling in the missing amounts. (Round intermediate calculations and final answers to 2 decimal places.) February March Sales Cash sales Sales on account Total budgeted sales January $ 49,0001 119 000 $ 168 000 a. Complete the sales budget by filling in the missing amounts b. Determine the amount of sales revenue Finch will report on its first quarter pro forma income statement Complete this question by entering your answers in the tabs below. Required A Required B Determine the amount of sales revenue Finch will report on its first quarter pro forma income statement. (Round intermediate calculations and final answer to 2 decimal places.) Sales revenge (Required A The budget director of Heather's Florist has prepared the following sales budget. The company had $280,000 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. Required A Required B Complete the schedule of cash receipts by filling in the missing amounts July August September Sales Budget Cash sales Sales on account Total budgeted sales Schedule of Cash Receipts $ 77,000 84.000 $ 161,000 $ 60,000 99.000 $ 168,000 $ 76,000 136,600 $ 212,600 Complete this question by entering your answers in the tabs below. Required A Required B Complete the schedule of cash receipts by filling in the missing amounts. July August September $ 77,000 $ 69,000 $ 76,000 84,000 99,000 136,600 $ 161,000 $ 168,000 $ 212,600 Sales Budget Cash sales Sales on account Total budgeted sales Schedule of Cash Receipts Current cash sales Plus: Collections from accounts receivable Total budgeted collections $ 357,000 $ 153,000 $ 175,000 Required A Required B > 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. Required A Required B Determine the amount of accounts receivable the company will report on its third quarter pro forma balance sheet. Accounts receivable Required A Required B
