70.2K

Verified Solution

Link Copied!

ssignment CALCULATOR FULL SCREEN PRINTER VERSN BACK NEXT ees CES In the coming year, Urayse, Inc. will be introducing its first product, a wrist brace th protects serious video gamers from repetitive-motion injuries. The brace will be sold for $11.25 to retailers throughout the country. All sales will be made on account. An expected 65% of sales will be collected within the quarter or the sale, and another 30 % in the quarter following the sale. The remaining 5% of credit sales are expected to be uncollectible. The sales budget for the coming year is as follows: 1st Quarter 25,000 2nd Quarter 40,000 3rd Quarter 50,000 4th Quarter 80,000 Budgeted sales units Prepare Urayse, Inc.'s, cash receipts budget for the coming year. (Enter answers in necessary fields only, Leave other fieldstblank. Do not enter o.) Sales Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Annual 25,0040.00 $0040000 Budgeted units sold 80, 195,000 Budgeted sales price 11.25 11.25 11 25 -uso - 562.500 900,000. -2.193.75 281.25 asem Budgetedsales revenue 450,000 Cash Recelpts Budget 1st Quarter 2nd Quarter 84,375 292,500 3rd Quarter 4th Quarter Bad Debts 182,812.50 14,062.50 1st quarter sales 2nd quarter sales 3rd quarter sales [T ") 13500 .. 22,500 65,625 168,750 28,125

Answer & Explanation Solved by verified expert

See Answer