The Game Zone Sells Computer and Other Electronic Games Required:
(A) Complete the Sales Budget by Filling in the Store

question 44

Essay

The Game Zone sells computer and other electronic games. The store has budgeted sales for January Year 2 as indicated in the following table. The company expects a 4 percent increase in sales for the month of February and a 3 percent increase for March. $$\begin{array} { | l | l | c | c | } \hline \text { Sales } &{ \text { January } } & \text { February } & \text { March } \\\hline \text { Cash sales } & \$ 40,000 & ? & ? \\\hline \text { Sales on account } & \$ 80,000 & ? & ? \\\hline \text { Total budgeted sales } & \$ 120,000 & ? & ? \\\hline\end{array}$$ Required:
(a) Complete the sales budget by filling in the missing amounts.(b) What is the amount of sales revenue the company will report on its pro forma income statement for the first quarter?

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Definitions:

Peripheral Vision

The ability to see objects and movement outside of the direct line of vision.

Cones

Specialized cells in the retina of the eye responsible for color vision.

Saturated Color

A color that is fully intense and vivid, without any addition of white, black, or gray, resulting in the purest form of the color.

Single Wavelength

A specific frequency of light or electromagnetic radiation, often used in scientific and technical contexts to describe a monochromatic beam.