History Bookmarks Window Help WileyPLUS Return to Blackboard Davis, Managerial A

Question

History Bookmarks Window Help WileyPLUS Return to Blackboard Davis, Managerial Accounting, 3e Gradebook ORION Downloadable eTextbook ent CALCULATOR Question In the motion injuries. The brace will be sold for sales will be collected within the quarter of the sale, and another 30 % in the quarter fol are expected to be uncollectible. The sales budget for t ntroducing its first product, a wrist brace that protects serious video gamers from repetitive 14 to retailers throughout the country. All sales will be made on account. An expected 6S% of owing the sale. The remaining 5% of credit sales 1st Quarter 29,000 the coming year is as follows: 3rd Quarter 53,900 2nd Quarter 41,100 4th Quarter Budgeted sales units 89,000 Prepare Marigold, Inc.'s, cash receipts budget for the blank. Do not enter 0.) Sales Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Annual Budgeted units sold Budgeted sales price Budgeted sales revenue s Cash Receipts Budget 2nd Quarter 1st Quarter 3rd Quarter 4th Quarter Bad Debts 26 AR

Explanation / Answer

Sales Budget Detail 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Total Budgeted Unit Sold $29,000.00 $41,100.00 $53,900.00 $89,000.00 Sales Price/Unit $14.00 $14.00 $14.00 $14.00 Budgeted Sales $406,000.00 $575,400.00 $754,600.00 $1,246,000.00 $2,982,000.00 Cash Receipt Budget Detail 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Total Budgeted Sales $406,000.00 $575,400.00 $754,600.00 $1,246,000.00 $2,982,000.00 Collection for Credit Sales: 1st Quarter Sales $263,900.00 $121,800.00 $385,700.00 2nd Quarter Sales $374,010.00 $172,620.00 $546,630.00 3rd Quarter Sales $490,490.00 $226,380.00 $716,870.00 4th Quarter Sales $809,900.00 $809,900.00 Total (a+b+c) $263,900.00 $495,810.00 $663,110.00 $1,036,280.00 $2,459,100.00 Net Account Receivable= 30% of 4th Quarter Sale ( $1246000*30%)=$373800

Related Questions

Navigate

• Browse (All)
• Browse H
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.