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 Budgeted sales units 1st Quarter: 25,000 2nd Quarter: 40,000 Prepare Urayse, Inc.'s, cash receipts budget for the coming year. 3rd Quarter:50,000 4th Quarter: 80,000
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 Budgeted sales units 1st Quarter: 25,000 2nd Quarter: 40,000 Prepare Urayse, Inc.'s, cash receipts budget for the coming year. 3rd Quarter:50,000 4th Quarter: 80,000
Chapter16: Working Capital Policy And Short-term Financing
Section: Chapter Questions
Problem 13P
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![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
Budgeted sales units 1st Quarter: 25,000 2nd Quarter: 40,000
Prepare Urayse, Inc.'s, cash receipts budget for the coming year.
3rd Quarter:50,000
4th Quarter: 80,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa3a5e42a-167c-4938-bebd-77baf163ade9%2Fab094c76-78fe-4bce-90f1-988ed0758c3e%2Fy4cymko_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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
Budgeted sales units 1st Quarter: 25,000 2nd Quarter: 40,000
Prepare Urayse, Inc.'s, cash receipts budget for the coming year.
3rd Quarter:50,000
4th Quarter: 80,000
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