Question: what is the answer it's all one question Saved Perez Pointers Corporation expects to begin operations on January 1, 2019, it will operate as a

 what is the answer it's all one question Saved Perez Pointers

Corporation expects to begin operations on January 1, 2019, it will operate

as a specialty sales company that sells laser pointers over the Internet.

Perez expects sales in January 2019 to total $320.000 and to increase

what is the answer it's all one question

Saved Perez Pointers Corporation expects to begin operations on January 1, 2019, it will operate as a specialty sales company that sells laser pointers over the Internet. Perez expects sales in January 2019 to total $320.000 and to increase 15 percent per month in February and March. All sales are on account. Perez expects to collect 69 percent of accounts receivable in the month of sale, 21 percent in the month following the sale, and 10 percent in the second month following the sale. Required 04:53.19 a. Prepare a sales budget for the first quarter of 2019. b. Determine the amount of sales revenue Perez 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 receivable as of March 31, 2019. ipped Book Complete this question by entering your answers in the tabs below. erences Required A Required B Required C Required D Prepare a sales budget for the first quarter of 2019. Sales Budget January February March Sales on account Required B >

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