Question

Part 1

Rundle Company, which expects to start operations on January 1, 2018, will sell digital cameras in shopping malls. Rundle has budgeted sales as indicated in the following table. The company expects a 12 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

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

2. Determine the amount of sales revenue Rundle will report on its first quarter pro forma income statement.

Complete the sales budget by filling in the missing amounts. (Round intermediate calculations and final answers to 2 decimal places.)

	Sales January February March Cash sales $32,000 Sales on account 106,000 Total budgeted sales $138,000 Determine the amount of sales revenue Rundle will report on its first quarter pro forma income statement. (Round intermediate calculations and final answer to 2 decimal places.) Sales revenue

Part 2 A

Adams Corporation, which has three divisions, is preparing its sales budget. Each division expects a different growth rate because economic conditions vary in different regions of the country. The growth expectations per quarter are 6 percent for Cummings Division, 4 percent for Springfield Division, and 8 percent for Douglas Division.

Required

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

2. Determine the amount of sales revenue that the company will report on its quarterly pro forma income statements

Complete the sales budget by filling in the missing amounts. (Round your final answers to the nearest whole dollar amount.)

	Division First Quarter Second Quarter Third Quarter Fourth Quarter Cummings Division $170,000 Springfield Division 300,000 Douglas Division 220,000

Determine the amount of sales revenue that the company will report on its quarterly pro forma income statements. (Round intermediate calculations and final answers to the nearest whole dollar amount.)

	First Quarter Second Quarter Third Quarter Fourth Quarter Sales revenue

Answer 1