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

question 15

Essay

The Game Zone sells computer and other electronic games. The store has budgeted sales for January 2014 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. $\begin{array}{|l|lr|c|c|}\hline\text { Sales } &{\text { January }} & \text { February } & \text { March } \\\hline \text { Cash sales } & \$ 40,000 & ? & ? \\\hline \text { Sales on account } & 80,000 & ? & ? \\\hline \text { Total budgeted sales } & \$ 120,000 & ? & ?\\\hline\end{array}$
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:

Critical Path

The sequence of stages determining the minimum time needed to complete a project, considering all dependencies and task durations.

Project Variance

The difference between planned and actual project performance, often measured in terms of cost or time.

PERT Analysis

Stands for Program Evaluation and Review Technique, a method used in project management to analyze the tasks involved in completing a project, especially the time needed to complete each task.

Beta Distribution

A statistical distribution ranging from 0 to 1, often used in Bayesian analysis and project forecasting, representing a family of probabilities.