Question

Brooks/Neff, Ltd. personalizes scrapbooks for customers, using their digital photographs. Each scrapbook sells for $50. Brooks/ Neff collects cash at the time of sale from 30 percent of customers. Of the remaining sales, 75 percent are collected in the month of sale and 25 percent are collected in the month following the sale. The sales budget for the first seven months of the year is as follows:



Required
Prepare Brooks/Neff’s cash receipts budget for the secondquarter.


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  • CreatedFebruary 21, 2014
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