Question: n the coming year, Oriole, Inc. will be introducing its first product, a wrist brace that protects serious video gamers from repetitive-motion injuries. The brace

n the coming year, Oriole, 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 $13.00 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

28,000 43,000 54,000 75,000

Prepare Oriole, Inc.'s cash receipts budget for the coming year. (Enter answers in necessary fields only. Leave other fields blank. Do not enter 0. Round answers to 0 decimal places, e.g. 5,275.)

Cash Receipts Budget

1st Quarter

2nd Quarter

3rd Quarter

4th Quarter

Total Cash Receipts

Bad Debts

1st quarter sales

$enter a dollar amount $enter a dollar amount $enter a dollar amount $enter a dollar amount $enter a dollar amount $enter a dollar amount

2nd quarter sales

enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount

3rd quarter sales

enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount

4th quarter sales

enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount

Totals

$enter a total amount $enter a total amount $enter a total amount $enter a total amount $enter a total amount $enter a total amount

Determine the Net Accounts Receivable at the end of the year.

Net Accounts Receivable $enter the net accounts receivable in dollars

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