Vernon Company, which expects to start operations on January 1, year 2, will sell digital...
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Vernon Company, which expects to start operations on January 1, year 2, will sell digital cameras in shopping malls. Vernon has budgeted sales as indicated in the following table. The company expects a 15 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 Vernon 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 Sales Complete the sales budget by filling in the missing amounts. (Do not round Intermediate calculations. Round final answers two decimal places.) February March Cash sales 33,000 Sales on account Total budgeted sales January 111,000 $ 144,000 Required B > Complete this question by entering your answers in the tabs below. Required A Required B Determine the amount of sales revenue Vernon will report on its first quarter pro forma income statement. (Do not round intermediate calculations. Round final answers to two decimal places.) Sales revenue
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