Computing amount of sales revenue

Assignment Help Accounting Basics

Reference no: EM13149017

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.

Reference no: EM13149017

Questions Cloud

Define degrees c freezing point acetic acid : find the molar mass of the unknown. 16.6 degrees C freezing point acetic acid and 3.90 degrees C*kg/mol?

How many grams of cl2 can be prepared : How many grams of Cl2 can be prepared from the reaction of 15.0g of MnO2 and 30.0g of HCl according to MnO2 + 4HCl >> MnCl2 + Cl2 + 2H2O

Find probability of getting at least six question correct : Guesses for all answer find Mean, variance, standard deviation, the probability of getting exactly six question correct and the probability of getting at least six question correct.

Accuracy of information included in footnotes : The accuracy of information included in footnotes accompanying the audited financial statements issued by a company whose shares are traded on a stock exchange is the primary responsibility of....

Computing amount of sales revenue : Complete the sales budget by filling in the missing amounts. Determine the amount of sales revenue Camtech will report on its second quarter pro forma income statement.

How many phage per ml were in the original stock : You serially dilute a stock of bacteriophage by sequentially taking: 10 ul into 1 ml, 10 ul into 1 ml, 100 ul into 0.9 ml and plating 0.1 ml on a sensitive strain of bacteria. You later count 65 plaques on that plate. How many phage per ml were in..

What mass of h2 forms : What mass of H2 forms if 12 grams of Zn reacts with 7 grams of HCl?

Sales budget and cash receipts schedule : Prepare a sales budget for the first quarter of 2009. Determine the amount of sales revenue Dorough will report on the first of 2009 quarterly pro forma income statement.

Find confidence interval different populations yield data : Different populations yield the following data. 1 = 236, 2 = 905, = 88 = 13 The sample size is 381 for both samples. Find the 85% confidence interval?

User Account

All Pages