In the coming year, Bonita, 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 $17 to retailers throughout the country. All sales will be made on account. An expected 74% of sales will be collected within the quarter of the sale, and another 21 % 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		28,100		41,400		50,600		81,000

Prepare Bonita, Inc.'s, cash receipts budget for the coming year. (Enter answers in necessary fields only. Leave other fields blank. Do not enter 0.)

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 $

Sales Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Annual Budgeted units sold Budgeted sales price Budgeted sales revenue Cash Receipts Budget 2nd Quarter 1st Quarter 3rd Quarter 4th Quarter Bad Debts 1st quarter sales s 2nd quarter sales 3rd quarter sales 4th quarter sales Totals