In The Coming Year Urayse Inc Will Be Introducing Its First Product A Wrist Brace That Protects Serious Video Gamers 1 (41.12 KiB) Viewed 46 times
In The Coming Year Urayse Inc Will Be Introducing Its First Product A Wrist Brace That Protects Serious Video Gamers 2 (27.51 KiB) Viewed 46 times
In The Coming Year Urayse Inc Will Be Introducing Its First Product A Wrist Brace That Protects Serious Video Gamers 3 (21.92 KiB) Viewed 46 times
In the coming year, Urayse, Inc. will be introducing its first product, a wrist brace that protects serious video gamers from repetitive- motion injuries. The brace will be sold for $11.25 to retailers throughout the country. All 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: 3rd Quarter 1st Quarter 2nd Quarter 25,000 40,000 4th Quarter 80,000 Budgeted sales units 50,000 Prepare Urayse, Inc's cash receipts budget for the coming year. (Enter answers in necessary helds only. Leave other fields blank. Do not enter 0.) Sales Budget 3rd Quarter 4th Quarter Annual 2nd Quarter 50000 80000 195000 25000 40000 $ $ 11.25 11.25 $ 1125 $ 11.25 11.25 $ 562500 900000 $ $ 2193750 281250 $ 450000
-/1 Cash Receipts Budget 1st Quarter 2nd Quarter 1st quarter sales 3rd Quarter $ 4th Quarter 182812 $ $ $ $ 2nd quarter sales 3rd quarter sales I 4th quarter sales Totals $ $ Determine the Net Accounts Receivable at the end of the year. Assume that no accounts have been written off during the year. Net Accounts Receivable $
udget 2nd Quarter 3rd Quarter 182812 s 4th Quarter Bad Debts $ $ Determine the Net Accounts Receivable at the end of the year. Assume that no accounts have been written off during the year. Net Accounts Receivable
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