CALLAN PETR VISION BACK Exer-21 In the coming year, Concord, Inc. will be introducing its first product, wrist brace that protects serious video peers from repetitive-motion Injuries. The brace will be sold for $13 to retales throughout the country. All sales will be made on account. An expected as of sales will be collected within the quarter of the sale, and another 31 % in the quarter following the sale. There 5of 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 25,300 Prepare Concord, Inc.'s, chris budget for the coming year (internwerin necessary fields only. Leave the folle tank. Do not Sales Budget 1st Quarter and Quarter 3 Quarter 4 Quarter Annual Budgeted Bugeted revenue Cash Recipta Budget lut Quarter and Quarter Sed Quarter 4th Quarter Bad es and are 3rd ht 2002 MacBook Air 30 288 $ 4 & 7 1 0 * - dele 8 9 2 5 6 O C P I Q W E Y R T : J H L . F G S D A C X V B M N V. N ol 4 90 command option option command espace Budgeted sales revenue Cash Receipts Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Bad Debts 1st quarter sales $ 2nd quarter sales 3rd quarter sales Totals Determine the Net Accounts Receivable at the end of the year. Assume that no accounts have been written off during the year Net Accounts Receivable LINK TO THE LINK TO VIDEO Question Attempts Unlimited MacBook Air So * A. %23 3 $ 4 % 5 & 7 7 2 6 8 9 0 Q W E R T Y U O : S D F G H L K L N X C V B N M 9 command command option