Just 5.22, thank you!

Ist Quar Budgeted sales units 25,000 40,000 50,000 80,000 Required Prepare Urayse, Inc.'s cash receipts budget for the coming year. 5.22 (LO 4) Preparing a cash receipts budget Brooks/Neff, Lid. personalizes scrapbooks for cus- tomers, using their digital photographs. Each scrapbook sells for $50. Brooks/Neff collects cash at the time of sale from 30% of customers. Of the remaining sales, 75% are collected in the month of sale and 25% are collected in the month following the sale. The sales budget for the first seven months of the year is as follows: January February March April May June Budgeted sales $120,000 $110,000 $110,000 $112,000 $115,000 $125,000 Required Prepare Brooks/Neff's cash receipts budget for the second quarter. 5.23 (LO 4) Preparing a cash receipts budget Laura Falk, Bates & Hill Fabricators' accounts receiv- able manager, has just received the company's sales budget for the first quarter (see Exercise 5.8). The com- pany makes all sales on credit. Laura recently reviewed the company's collection history and found that 79% of the sales are collected in the month of the sale, 26% of sales are collected in the month following uable balance