Benson Company, which expects to start operations on January year will sell digital cameras in shopping malls. Benson has Benson Company, which expects to start operations on January year will sell digital cameras in shopping malls. Benson has
budgeted sales as indicated in the following table. The company expects a 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 Benson will report on its first quarter pro forma income statement.
Complete this question by entering your answers in the tabs below.
Required
Determine the amount of sales revenue Benson will report on its first quarter pro forma income statement.
Note: Do not round intermediate calculations. Round final answers to two decimal places.
budgeted sales as indicated in the following table. The company expects a 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 Benson will report on its first quarter pro forma income statement.
Complete this question by entering your answers in the tabs below.
Required A
Complete the sales budget by filling in the missing amounts.
Note: Do not round intermediate calculations. Round final answers to two decimal places.
