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help pls In the coming year, Waterway, Inc. will be introducing its first product, a wrist brace that protects serious video gamers from repetitive-motion injuries.
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In the coming year, Waterway, 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 $ 16.00 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: 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter 28,000 45,000 51,000 Budgeted sales units 80,000 Prepare Waterway, Inc's cash receipts budget for the coming year. (Enter answers in necessary fields only. Leave other fields bilink. 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 decimal places, eg. 5,275.) Sales Budget 3rd Quarter 2nd Quarter 4th Quarter Annual 28000 45000 51000 80000 uestion 10 OT 15 Sales Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quar 28000 45000 51000 Budgeted units sold 16 16 $ $ 16 Budgeted sales price $ $ 448000 Budgeted sales revenue 720000 $ $ 816000 Cash Receipts Budget 3rd Quarter 1st Quarter 2nd Quarter 4th 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 Receivable $ e Textbook and Media Sales Budget 3rd Quarter 4th Quarter Annual 45000 51000 80000 16 $ 16 $ 16 $ 720000 $ $ 816000 $ 1280000 $ Cash Receipts Budget 3rd Quarter 4th Quarter Bad Debts $ $ $ pls
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