Homework Answers
| Sales Budget | |||||||
| 1stQuarter | 2ndQuarter | 3rdQuarter | 4thQuarter | Annual | |||
| Budgeted units sold | 25,600 | 44,700 | 52,000 | 83,700 | 206,000 | ||
| Budgeted sales price | $ 19 | $ 19 | $ 19 | $ 19 | $ 19 | ||
| Budgeted sales revenue | $ 300,000 | $ 480,000 | $ 600,000 | $ 960,000 | $ 2,340,000 | ||
| 1st | 2nd | 3rd | 4th | Total Cash Receipts | Bad | Accounts Receivable | |
| Quarter | Quarter | Quarter | Quarter | Debts | |||
| 1st quarter sales | |||||||
| 300000*0.73 | $ 219,000 | $ 219,000 | |||||
| 300000*0.22 | $ 66,000 | $ 66,000 | |||||
| 300000*0.05 | $ 15,000 | ||||||
| 2nd quarter sales | |||||||
| 480000*0.73 | $ 350,400 | $ 350,400 | |||||
| 480000*0.22 | $ 105,600 | $ 105,600 | |||||
| 480000*0.05 | $ 24,000 | ||||||
| 3rd quarter sales | |||||||
| 600000*0.73 | $ 438,000 | $ 438,000 | |||||
| 600000*0.22 | $ 132,000 | $ 132,000 | |||||
| 600000*0.05 | $ 30,000 | ||||||
| 4th quarter sales | |||||||
| 960000*0.73 | $ 700,800 | $ 700,800 | |||||
| 960000*0.22 | $ 211,200 | ||||||
| 960000*0.05 | $ 48,000 | ||||||
| Totals | $ 219,000 | $ 416,400 | $ 543,600 | $ 832,800 | $ 2,011,800 | $ 117,000 | $ 211,200 |
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