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Please answer completely in given format, thanks! I will leave a like. In the coming year, Bramble, Inc. will be introducing its furst product, a
Please answer completely in given format, thanks! I will leave a like.
In the coming year, Bramble, Inc. will be introducing its furst product, a wrist brace that protects serious video gamers from repetitivemotion injuries. The brace will be sold for $11.00 to retailers throughout the country. Afl 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: Prepare Bramble, Inc's cash receipts budget for the comingyear. (Enter answers in necessory fields only. Leove other fields Blank. Do not enter Q. Round "Budgeted sale price' and "Cash Recelpts Budgets" answers to 2 decimal ploces, es 52.75 and all other answers to 0 decimal pioces, es. 5,275.) Determine the Net Accounts Receivible at the end of the year, Net Accounts Receivable 5 ble at the end of the year Step by Step Solution
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