Required information LO 8-2: Prepare a sales budget, including a schedule of expected cash collections. We learn to prepare a sales budget. The sales budget is the starting point in preparing the master budget. We also learn to prepare the schedule of expected cash collections, which is used in the preparation of the cash budget. The Sales Budget The Sales Budget * Sales Budget Oli is the starting point in preparing the master budget Other budgets depend on the sales budget The following is a schedule of the projected unit sales of Western Company, which manufactures casual wear Each unit sells for $25. The company began the period with a beginning accounts receivable balance of $10,000. Choose the correct answer from the options provided Budgeted unit sales First 1.500 Quarter fecond Third 1,300 1,400 Fourth 1.300 Year 5,500 Required information The following is a schedule of the projected unit sales of Western Company, which manufactures casual wear. Each unit sells for $25. The company began the period with a beginning accounts receivable balance of $10,000. Choose the correct answer from the options provided Quarter Second Third 1,300 1,400 First 1,500 Budgeted unit sales Fourth 1,300 Year 5,500 750 258 Percentage of wales collected in the quarter of the sale Percentage of sales collected in the quarter after the sale Knowledge Check 01 What is the amount of budgeted sales revenue for the fourth quarter? $32.500 $33.750 $35,000 $37,500 Knowledge Check 02 What is the amount of cash that is expected to be collected during the second quarter as a result of sales made during the first quarter? $8,125 $8,750 $9,375 $28,125 Required information Hedgated unit wales Pirat Second Thixd Fourth 1,500 1,300 1,400 1,300 Yeni 5,500 250 258 tercentage of sales collected in the quarter of the sale Percentage of sales collected in the quarter after the sale Knowledge Check 01 What is the amount of budgeted sales revenue for the fourth quarter? $32.500 $33,750 $35,000 $37,500 Knowledge Check 02 What is the amount of cash that is expected to be collected during the second quarter as a result of sales made during the first quarter? a $8,125 $8,750 O $9,375 $28,125 Knowledge Check 03 What is the total amount of expected cash collections for the third quarter? $33,125 $33,750 $34,375 $38,125