projected unit sales of Western Company, which manufactures casual wear. Each unit sells for $25. The company began the period with a beginning accounts receivable balance of $10,000. Choose the correct answer from the options provided. Quarter Year First Second Third Fourth Year Budgeted unit sales 1,500 1,300 1,400 1,300 5,500 Percentage of sales collected in the quarter of the sale 75% Percentage of sales collected in the quarter after the sale 25% Knowledge Check 01 What is the amount of budgeted sales revenue for the fourth quarter? multiple choice 1 $32,500 $33,750 $35,000 $37,500 Knowledge Check 02 What is the amount of cash that is expected to be collected during the second quarter as a result of sales made during the first quarter? multiple choice 2 $8,125 $8,750 $9,375 $28,125 Knowledge Check 03 What is the total amount of expected cash collections for the third quarter? multiple choice 3 $33,125 $33,750 $34,375 $38,125
The following is a schedule of the projected unit sales of Western Company, which manufactures casual wear. Each unit sells for $25. The company began the period with a beginning
Quarter Year
First Second Third Fourth Year
Budgeted unit sales 1,500 1,300 1,400 1,300 5,500
Percentage of sales collected in the quarter of the sale 75%
Percentage of sales collected in the quarter after the sale 25%
Knowledge Check 01
What is the amount of budgeted sales revenue for the fourth quarter?
multiple choice 1
$32,500
$33,750
$35,000
$37,500
Knowledge Check 02
What is the amount of cash that is expected to be collected during the second quarter as a result of sales made during the first quarter?
multiple choice 2
$8,125
$8,750
$9,375
$28,125
Knowledge Check 03
What is the total amount of expected cash collections for the third quarter?
multiple choice 3
$33,125
$33,750
$34,375
$38,125
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