Don\'s Game Store sells computer and other electronic games. The store has budge

Question

Don's Game Store sells computer and other electronic games. The store has budgeted sales for January as indicated in the following table. The company expects an 8 percent increase in sales for the month of February and a 5 percent increase for March.

Sales                        January     February      March
Cash sales                $20,000          ?               ?
Sales on account         40,000          ?               ?
Total budgeted sales    60,000          ?              ?


Required:

a) Complete the sales budget by filling in the missing amounts.

Explanation / Answer

Sales January February March Cash sales $20,000 21600 21000 Sales on account 40,000 43200 42000 Total budgeted sales 60,000 64800 63000

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