Question: Francis Restaurant is opening for business in a new shopping

Francis Restaurant is opening for business in a new shopping center. Roger Lee, the owner, is preparing a sales budget for the next three months. After consulting friends in the same business, Mr. Lee estimated July revenues as shown in the following table. He expects revenues to increase 4 percent per month in August and September.


Required
a. Complete the sales budget by filling in the missing amounts.
b. Determine the total amount of revenue Francis Restaurant will report on its quarterly pro forma incomestatement.
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  • CreatedFebruary 07, 2014
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