+1-415-670-9189
info@expertsmind.com
Computing amount of sales revenue
Course:- Accounting Basics
Reference No.:- EM13149017




Assignment Help
Assignment Help >> Accounting Basics

Camtech, which expects to start operations on January 1, 2008, will sell digital cameras in shopping malls. Camtech has budgeted sales as indicated in the following table. The company expects a 10 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.

Sales January February March

Cash sales 50,000 ? ?

Sales on Account 80,000 ? ?

Total Budgeted sales 130,000 ? ?

A. Complete the sales budget by filling in the missing amounts.

B. Determine the amount of sales revenue Camtech will report on its second quarter pro forma income statement.




Put your comment
 
Minimize


Ask Question & Get Answers from Experts
Browse some more (Accounting Basics) Materials
The market under governmental order because of a potential health hazard in the product. What amount should Koll charge against income during 2011, assuming amortization is
Model a set of typical family relationships- spouse, father, and mother-in a single 3NF relation. Also include the nonkey attributes name and birth date. Assume that each pe
Santana Corporation has 400,000 shares of common stock outstanding throughout 2010. In addition, the corporation has 5,000, 20-year, 7% bonds issued at par in 2008. Each $1,
The following procedure is recommended when creating financial statements in Excel, in order to minimize error and make the statements easier to read when provided to others
A trustee-to-trustee rollover is the preferred way to transfer one retirement account to another. All of these are potential problems when taxpayers take the distribution an
GB513: What is the forecast for the rental and leasing revenue for the year 2011? How confident are you in this forecast? Explain your answer by citing the relevant metrics.
Rollie Company is launching a new cleaning product for ceramic vases. The company invests $1,200,000 in operating assets, such as production equipment,and plans to produce a
On March 31, 2010, the following data were accumulated to assist the accountant in preparing the adjusting entries for Hackney Realty. Journalize the adjusting entries require