Don's Game Store sells electronic computer and other games. The store has budgeted sales for January of 2008, as it is indicated in the following table. The company waits for the 5 percent of increase in the sales during the month of February and a 10 percent of increase for the month of March on the amount of sales of the month of February.
Sales January February March
Sales in cash $20,000
Sales on credit $40,000
Total sales budgets $60,000
a) Complete the budget of sales in the spaces in blank
b) Which is the amount of income by sales that the company will present/display a state pro form of gains and losses for the first trimester?
January February March
Sales in cash 20,000.00 21,000.00 23,100.00
Sales on ...
Guidelines for completing a budget of sales are provided.