for the month of April are shown in the following table: Sales April May June Cash Sales $ 1,100 Sales on Account $ 1,400 The company expects a 25% increase in sales per month for May and June. The amount of sales revenues that would appear on the company's 2nd quarter pro forma income statement would be
for the month of April are shown in the following table: Sales April May June Cash Sales $ 1,100 Sales on Account $ 1,400 The company expects a 25% increase in sales per month for May and June. The amount of sales revenues that would appear on the company's 2nd quarter pro forma income statement would be
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Budgeted sales for the month of April are shown in the following table:
| Sales | April | May | June | ||
| Cash Sales | $ | 1,100 | |||
| Sales on Account | $ | 1,400 | |||
The company expects a 25% increase in sales per month for May and June. The amount of sales revenues that would appear on the company's 2nd quarter pro forma income statement would be
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Follow-up Question
Budgeted sales for the month of April are shown in the following table:
| Sales | April | May | June | ||
| Cash Sales | $ | 1,100 | |||
| Sales on Account | $ | 1,400 | |||
The company expects a 25% increase in sales per month for May and June. The amount of sales revenues that would appear on the company's 2nd quarter pro forma income statement would be
Multiple Choice
-
$9,531.25.
-
$8,800.50.
-
$5,337.50.
-
$3,906.25.
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