Determine the amount of sales revenue

Reference no: EM1310511

Dorough expects sales on Jan 2012 total 200,000 and to increase 10% per month in Feb. and march. All sales are on account. Dorough expects to collect 70% of accounts receivable in the month of sale, 20% in the month following the sale, and 10% in the second month following the sale.

(A) Prepare a sale budget for the first quarter of 2012

(B) Determine the amount of sales revenue dorough will report on the first 2012 quarterly pro forma income statement.

(D) Determine the amount of accounts receivable as of march 31, 2012

Reference no: EM1310511

Questions Cloud

The variable cost for every additional student : The college has annual fixed costs of $10 million, also the variable cost for every additional student is $5,000.

Marketing research objective questions : Marketing research objective questions.

Sdlcs and other sites explaining some of the tools : Visit web sites for the few leading information systems consulting the firms. Try to determine the information regarding the approach they utilize in order to develop systems. Specify whether SDLCs are described there? Also state do their sites ex..

Illusion of invulnerability : The illusion of invulnerability is best stated by the phrase,

Determine the amount of sales revenue : Find out the amount of sales revenue dorough will report on the first 2012 quarterly proforma income statement. Prepare cash receipts schedule for the first quarter of 2012

Which of the following is a current liability : Which of the following is a current liability and Which of the following is true about accounts payable

Concisely analyze a contemporary problem : Economics essay-a brief paper about six pages in length also concisely analyze a contemporary problem illustrating Monopoly, monopolistic competition also oligopoly in the marketplace.

Government tax revenues or increased government costs : How much would such approach cost or benefit government in form of increased government tax revenues or increased government costs?

Categories of personality disorders : The diagnoses of such clients would MOST likely be in which of the given wide categories of personality disorders?

User Account

All Pages