In the coming year, Concord, Inc. will be introducing its first product, a wrist brace that protects serious video gamers from repetitivemotion injuries. The brace will be sold for $ to retailers throughout the country. All sales will be made on account. An expected of sales will be collected within the quarter of the sale, and another in the quarter following the sale. The remaining of credit sales are expected to be uncollectible. The sales budget for the coming year is as follows:
tablest Quarter,nd Quarter,rd Quarter,th QuarterBudgeted sales units,
Prepare Concord, Inc.s cash receipts budget for the coming year. Enter answers in necessary fields only. Leave other fields blank. Do not enter Round "Budgeted sale price" and "Cash Receipts Budgets" answers to decimal places, eg and all other answers to decimal places, eg
tableSales Budgetst Quarter,nd Quarter,rd Quarter,thQuartelBudgeted units soldBudgeted sales price,$$$$Budgeted sales revenue,$$$$
tableCash Receipts Budgetst Quarter,nd Quarter,rd Quarter,th Quarterst quarter sales,$$$$
