Typhanye Company budgeted its January sales to be 20.000 units of its interactive books. Because of an aggressive marketing campaign. price is $40 each. Based on past experience, all sales will be on account Typhanye expects sales to increase by 10% each month. The selling 40% of the sales will be collected in the same month as the sale, 30% are collected one month later and 30% are collected two months later. Budget Drill #9 Assuming the month of January began with no account receivable balance, what is the budgeted account receivable balance for the end of February? Budget Drill #10 Foster Company budgeted its January sales to be 10,000 units of its interactive watches. Because of an aggressive marketing campaign, Foster expects sales to increase by 10% each month. The selling price is $20 each. Based on past experience, all sales will be on account. 50% of the sales will be collected in the same month as the sale, 30% are collected one month later and 20% are collected two months later. Assuming the month of January began with no account receivable balance, what is the budgeted account receivable balance for the end of January? Budget Drill #11 List all the different budgets and the order in which they are prepared