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

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter7: Budgeting
Section: Chapter Questions
Problem 2PA: The data shown were obtained from the financial records of Italian Exports, Inc., for March: Sales...
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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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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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