Dis pw fourth quarter sales of 650 tablets due to the expectation of increased hd More Info - X Original Budgets Red ceipts to include the increase in fourth quarter sales and the change in the ti Sch First Second Third Fourth 40% in the quarter of the sale 30% in quarter after the sale 29% two quarters after the sale 1% never collected Discover Learning Sales Budget For the Year Ended December 31, 2019 First Second Quarter Quarter Quarter Quarter Quarter Quarter Quarter Total Third Fourth Tot 302,500 192,500|| 880,000 357,500 1,732,500 Quarter Total First Second Third Fourth 550 Print Done Budgeted tablets to be sold Quarter Quarter Quarter Quarter Total 350 550 $ 1,600 550 $ 500 550 $ 3,000 550 $ Sales price per unit 550 $ ca $ 302,500 $ 192,500 $ 880,000 $ Total sales Accounts Receivable balance, December 31, 2018 275,000 $1,650,000 22.000 60,500 Schdule of Cash Receipts from Customers 96,800 1st Qtr.Cash sales 1st Qtr.Credit sales collected in 1st qtr. 1st Qtr.Credit sales collected in 2nd qtr. 1st Qtr.Credit sales collected in 3rd qtr. First Third Fourth Second Quarter Quarter Quarter Quarter Total Total sales $ 302,500 $ 192,500 $ 880,000 $ 275,000 $ 1,650,000 2nd Qtr. Cash sales 38,500 First Second Third Fourth Quarter Quarter Quarter Quarter Total 2nd Qtr.Credit sales collected in 2nd qtr. 2nd Qtr. Credit sales collected in 3rd qtr. 2nd Qtr.Credit sales collected in 4th qtr. $ 22.000 3rd Qtr.-Cash sales 60,500 96,800 3rd Qtr.-Credit sales collected in 3rd qtr. 3rd Qtr. Credit sales collected in 4th qtr. 4th Qtr.Cash sales 4th Qtr.Credit sales collected in 4th qtr. $ 145,200 38,500 Cash Receipts from Customers: Accounts Receivable balance, December 31, 2018 1st Qtr.Cash sales (20%) 1st Qtr.Credit sales (80%), 40% collected in 1st qtr. 1st Qtr.Credit sales (80%), 60% collected in 2nd qtr. 2nd Qtr.Cash sales (20%) 2nd Qtr.Credit sales (80%), 40% collected in 2nd qtr. 2nd Qtr.-Credit sales (80%), 60% collected in 3rd qtr. 3rd Qtr.-Cash sales (20%) 3rd Qtr.Credit sales (80%), 40% collected in 3rd qtr. 3rd Qtr.Credit sales (80%), 60% collected in 4th qtr. 4th Qtr.-Cash sales (20%) 4th Qtr.Credit sales (80%), 40% collected in 4th qtr. 61,600 179,300 245.300 550,000 Total cash receipts from customers 565,400 1,540,000 $ 92,400 - X Reference 176,000 281,600 $ 422,400 55,000 88,000 550,000 $ 565,400 $ 1,540,000 $ Discover Learning Sales Budget For the Year Ended December 31, 2019 First Second Third Quarter Quarter Quarter 179,300 $ 245,300 $ Total cash receipts from customers Fourth Quarter Total Budgeted tablets to be sold 550 350 550 $ 1,600 550 $ Accounts Receivable balance, December 31, 2019: 4th Qtr.Credit sales (80%), 60% collected in 1st qtr of 2020 650 550 $ 3,150 550 $ 132,000 $ Sales price per unit 550 $ $ 302,500 $ 192,500 $ 880,000 $ 357,500 $ 1,732,500 Total sales Discover Learning Coeb Rudant
