Homework Help is Here – Start Your Trial Now!
Business
Accounting
Pepetitive-motión injuries. The brace will be sold for $11.00 to retailers throughout the country. All sales will be made on account. An expected 65% of sales will be collected within the quarter of the sale, and another 30% in the quarter following the sale. The remaining 5% of credit sales are expected to be uncollectible. The sales budget for the coming year is as follows: 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Budgeted sales units 26,000 46,000 56,000 77,000 Prepare Bramble, Inc's cash receipts budget for the coming year. (Enter answers in necessary fields only. Leave other fields blank. Do not enter 0. Round "Budgeted sale price" and "Cash Receipts Budgets" answers to 2 decimal places, eg. 52.75 and all other answers to 0 decimal places, eg. 5,275.) Sales Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quar Budgeted units sold Budgeted sales price 2$ %24 I. %24 Budgeted sales revenue %24 %24 Cash Receipts Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 1st quarter sales %24 %24 2nd quarter sales 3rd quarter sales

Pepetitive-motión injuries. The brace will be sold for $11.00 to retailers throughout the country. All sales will be made on account. An expected 65% of sales will be collected within the quarter of the sale, and another 30% in the quarter following the sale. The remaining 5% of credit sales are expected to be uncollectible. The sales budget for the coming year is as follows: 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Budgeted sales units 26,000 46,000 56,000 77,000 Prepare Bramble, Inc's cash receipts budget for the coming year. (Enter answers in necessary fields only. Leave other fields blank. Do not enter 0. Round "Budgeted sale price" and "Cash Receipts Budgets" answers to 2 decimal places, eg. 52.75 and all other answers to 0 decimal places, eg. 5,275.) Sales Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quar Budgeted units sold Budgeted sales price 2$ %24 I. %24 Budgeted sales revenue %24 %24 Cash Receipts Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 1st quarter sales %24 %24 2nd quarter sales 3rd quarter sales

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question
I could use some help with this
pie, mc. will be introducing its first product, a wrist brace that protects serious video gamers from repetitive-motion injuries. The brace will be sold for $11.00 to retailers throughout the country. All sales will be made on account. An expected 65% of sales will be collected within the quarter of the sale, and another 30% in the quarter following the sale. The remaining 5% of credit sales are expected to be uncollectible. The sales budget for the coming year is as follows: Live ment. Good luck! 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Budgeted sales units 26,000 46,000 56,000 77,000 our EAQ Gde Prepare Bramble, Inc's cash receipts budget for the coming year. (Enter answers in necessary fields only. Leave other fields blank. Do not enter 0. Round "Budgeted sale price" and "Cash Receipts Budgets" answers to 2 decimal places, eg. 52.75 and all other answers to 0 decimal places, eg. 5,275.) Sales Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quar Budgeted units sold Budgeted sales price 2$ %24 Budgeted sales revenue $ $ $ Cash Receipts Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 1st quarter sales 24 2$ 2nd quarter sales 3rd quarter sales
Transcribed Image Text:pie, mc. will be introducing its first product, a wrist brace that protects serious video gamers from repetitive-motion injuries. The brace will be sold for $11.00 to retailers throughout the country. All sales will be made on account. An expected 65% of sales will be collected within the quarter of the sale, and another 30% in the quarter following the sale. The remaining 5% of credit sales are expected to be uncollectible. The sales budget for the coming year is as follows: Live ment. Good luck! 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Budgeted sales units 26,000 46,000 56,000 77,000 our EAQ Gde Prepare Bramble, Inc's cash receipts budget for the coming year. (Enter answers in necessary fields only. Leave other fields blank. Do not enter 0. Round "Budgeted sale price" and "Cash Receipts Budgets" answers to 2 decimal places, eg. 52.75 and all other answers to 0 decimal places, eg. 5,275.) Sales Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quar Budgeted units sold Budgeted sales price 2$ %24 Budgeted sales revenue $ $ $ Cash Receipts Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 1st quarter sales 24 2$ 2nd quarter sales 3rd quarter sales
Prepare Bramble, Inc's cash receipts budget for the coming year. (Enter answers in necessary fields only. Leave other fields blank. Do not enter 0. Round "Budgeted sale price" and "Cash Receipts Budgets" answers to 2 decimal places, e.g. 52.75 and all other answers to O decimal places, eg. 5,275.) Sales Budget 2nd Quarter 3rd Quarter 4th Quarter Annual $ $ 24 2$ $ Cash Receipts Budget 2nd Quarter 3rd Quarter 4th Quarter Bad Debts $4 24 24 $ 24 24 $ Determine the Net Accounts Receivable at the end of the year. Net Accounts Receivable 24
Transcribed Image Text:Prepare Bramble, Inc's cash receipts budget for the coming year. (Enter answers in necessary fields only. Leave other fields blank. Do not enter 0. Round "Budgeted sale price" and "Cash Receipts Budgets" answers to 2 decimal places, e.g. 52.75 and all other answers to O decimal places, eg. 5,275.) Sales Budget 2nd Quarter 3rd Quarter 4th Quarter Annual $ $ 24 2$ $ Cash Receipts Budget 2nd Quarter 3rd Quarter 4th Quarter Bad Debts $4 24 24 $ 24 24 $ Determine the Net Accounts Receivable at the end of the year. Net Accounts Receivable 24
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Investments
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS