Question: Finch Pointers Corporation expects to begin operations on January 1, 2019; it will operate as a specialty sales company that selis laser pointers over the
Finch Pointers Corporation expects to begin operations on January 1, 2019; it will operate as a specialty sales company that selis laser pointers over the internet. Finch expects sales in January 2019 to total $280,000 and to increase 15 percent per month in February and March. All sales are on account. Finch expects to collect 66 percent of accounts recervable in the month of sale, 20 percent in the month following the sale, and 14 percent in the second month following the sale. Required 0. Prepare a sales budget for the first quarter of 2019 b. Determine the amount of sales revenue Finch will report on the first 2019 quarterly pro forma income statement. c. Prepare a cash receipts schedule for the first quarter of 2019 . d. Determine the amount of accounts recelvable as of March 31, 2019. Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare a sales budget for the first quarter of 2019
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