Cash Receipts Budget and Accounts Receivable Aging Schedule Shalimar Company manufactures and sells industrial products. For next year, Shalimar has budgeted the following sales: $6,920,000. Required: 1. Calculate cash sales and credit sales expected in the last two quarters of the current year, and in each quarter of next year. Shalimar Company Cash Receipts Budget For the Coming Year after sale are assumed to be the same. How would that affect cash received in each quarter? Construct a revised cash budget using the new assumption. after sale are assumed to be the same. How would that affect cash received in each quarter? Construct a revised cash budget using the new assumption