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Suppose a change in the receipt of cash from sales on account is as follows: (Click the icon to view the revised receipt of cash information.) Read the requirements. Reference Requirements 60% in the quarter of the sale 1. Revise the schedule of budgoted cash receipts to include the increase in 20% in quarter after the sale fourth quarter sales and the change in the timing of customer receipts. 18% two quarters after the sale 2. How will the changes in cash receipts affect the cash budget? 2% never collected Original Budgets Schdule of Cash Receipts from Customers Original Budgets Original Budgets Original Budgets Original Budgets Applied Learning will need to borrow funde because of the in cash receipte. This will result in of interest expense and in ne Applied Learning will need to borrow funde because of the in cash receipte. This will result in of interest expense and in ne