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I don't understand what I am doing wrong. Any explanation would be great, thanks! Franklin Company, which expects to start operations on January 1, 2018,
I don't understand what I am doing wrong. Any explanation would be great, thanks!
Franklin Company, which expects to start operations on January 1, 2018, will sell digital cameras in shopping malls. Franklin 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 Franklin will report on its first quarter pro forma income statement. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required A Required B Complete the sales budget by filling in the missing amounts. (Round intermediate calculations and final answers to 2 decimal places.) Sales March Cash sales Sales on account January $ 30,000 106,000 February $33,300.00 117,660.00 $ 36,963.00 130,603.00 Total budgeted sales 136.000 150.960.00 167,566.00Step by Step Solution
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