Exercise 5-21

In the coming year, Crane, 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 $16 to retailers throughout the country. All sales will be made on account. An expected 63% of sales will be collected within the quarter of the sale, and another 32 % 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		25,400		40,500		53,200		87,400

Prepare Crane, Inc.'s, cash receipts budget for the coming year.