PART 1

Wilson Inc. manufactures basketballs for $20/unit. Wilson Inc. budgets on a quarterly basis and the sales department has budgeted for the following sales:

Budgeted Sales Units:	JUNE	JULY	AUGUST
	10,000	11,000	12,000

The Basketballs selling price is $35 each.

• Please prepare the Sales Budget.

SALES BUDGET
	June	July	August
Expected Sales (units)
Selling Price (/unit)	$35	$35	$35
Total Budgeted Sales

PART 2

Wilson Inc. does not collect all of the sales revenue in the period of sale. The accounts receivable department has budgeted for 85% of sales revenue to be collected in the period of sale and 15% to be collected in the next period. The accounts receivable beginning balance is $80,000.

• Please prepare the Schedule of Expected Cash Collections.

SCHEDULE OF EXPECTED CASH COLLECTIONS
	June	July	August
Accounts Receivable, beginning balance	80,000
June Sales
July Sales
August Sales
Total cash collections