Question: n the coming year, Sheffield, 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, Sheffield, 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

26,000

46.000

59.000

79,000

Prepare Sheffield, Inc.'s cash receipts budget for the coming year. (Enter answers in necessary fields only. Leave other fields blank. Do not enter O. Round "Budgeted sale price and "Cash Receipts Budgets" answers to 2 decimal places, e.g. 52.75 and all other answers to O decimal places, e.g. 5,275.)

1st Quarter

2nd Quarter

Sales Budget

3rd Quarter

4th Quarter

Budgeted units sold

Budgeted sales price

Budgeted sales revenue

1st Ouarter

2nd Quarter

Cash Receipts Budget

3rd Ouarter

4th Quarter

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