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?

---

Definitions:

Less Expensive

Refers to items or services that are lower in price relative to others in the same category.

Arbitration Hearing

A non-judicial proceeding where a neutral third party, the arbitrator, listens to the disputing parties' arguments and evidence to make a decision that can be binding or non-binding.

Decision Days

Specific days set by courts, especially the Supreme Court, to announce decisions or verdicts on cases they have heard.

Alternative Dispute Resolution

is a collective term for methods of resolving disputes outside the judicial process, such as arbitration or mediation.