If 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 A. $4,956.25..
Sales revenue can be defined as the money a person generated from the sales of goods and services.
First step is to find the April sales
April Sales = 500+800
April Sales= 1300
Second step is to find the may sales
May Sales = 1300 × 1.25
May Sales = 1625
Third step is to find the june sales
June Sales = 1625× 1.25
June Sales = 2,031.25
Fourth step is to find the sales revenue
Sales revenue = $300 + $1625 + $2,031.25
Sales revenue = $4,956.25
Therefore the correct option is A.
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The complete question is:
Budgeted sales for the 2nd quarter operations are shown in the following table:
Sales April May June
Cash Sales $500
Sales on Acct $800
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
$4,956.25.
$4,225.50.
$3,050.00.
$2,031.25.
