Benson Company, which expects to start operations on January $1,$

$2018,$ will sell digital cameras in shopping malls. Benson has

budgeted sales as indicated in the following table. The company

expects a $13$ 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 Complete the sales budget by filling in the missing

amounts.$$Determine the amount of sales revenue Benson 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.$)$Determine the amount of sales revenue$$Benson will

report on its first quarter pro forma income statement.$($Round

intermediate calculations and final answer to $2$ decimal

places.$)$

Benson Company, which expects to start operations on January $1,$ year $2,$ will sell digital cameras in shopping malls. Benson has budgeted sales as indicated in the following table. The company expects a $13$ 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 Benson 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

Complete the sales budget by filling in the missing amounts.

Note: Do not round intermediate calculations. Round final answers to two decimal places.

$\backslash$table$[[$Sales$,$January , February, March$],[$Cash sales,$$50,000,,],[$Sales on account,$109,000,,],[$Total budgeted sales,$$159,000,,]]$

Answer rating: 100% (QA)

To complete the sales budget we need to calculate the total sales for February and March based on th... View the full answer