9 of 10 View Policies < Current Attempt in Progress -/10 In the coming year, Sunland, Inc. will be introducing its first product, a wrist brace that protects serious video gamers from repetitive- motion injuries. The brace will be sold for $15.00 to retailers throughout the country. All sales will be made on account. An expected 65% of sales will be collected within the quarter of 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 2nd Quarter 3rd Quarter 4th Quarter Budgeted sales units 26,000 40,000 50.000 83.000 Prepare Sunland, Inc's cash receipts budget for the coming year. (Enter answers in necessary fields only Leave other fields blank. Do not enter 0. Round "Budgeted sale price" and "Cash Receipts Budgets" answers to 2 decimal places, eg 52.75 and all other answers to O decimof places, eg. 5.275) Sales Budget 1st Quarter 2nd Quarter 3rd Quarter 4d Budgeted units sold Budgeted sales price S $ Budgeted sales revenue S S $ 1st Quarter 2nd Quarter 1st quarter sales $ $ 2nd quarter sales 3rd quarter sales 4th quarter sales Totals Determine the Net Accounts Receivable at the end of the year Net Accounts Reivable S eTextbook and Media Saito Last Cash Receipts Budget 3rd Quarter 4th Quar $ Current Attempt in Progress In the coming year, Sunland, Inc. will be introducing its first product, a wrist brace that protects serious video gamers from repetitive- motion injuries. The brace will be sold for $15.00 to retailers throughout the country. All sales will be made on account. An expected 65% of sales will be collected within the quarter of 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: Budgeted sales units 26,000 1st Quarter 2nd Quarter 40,000 3rd Quarter 4th Quarter 50,000 83.000 Prepare Sunland, Inc's cash receipts budget for the coming year. (Enter answers In necessary fields only. Leave other fields blank. Do not enter O. Round "Budgeted sale price" and "Cash Receipts Budgets" answers to 2 decimal places, eg. 52.75 and all other answers to O decimal places, eg 5.275) Sales Budget 2nd Quarter 3rd Quarter 4th Quarter Annual S Cash Receipts Budget 2nd Quarter 3rd Quarter 4th Quarter Bad Debts $ Determine the Net Accounts Receivable at the end of the year