Business, 29.05.2020 20:04 kari9249

Brooks/Neff, Ltd. personalizes scrapbooks for customers, using their digital photographs. Each scrapbook sells for $50. Brooks/Neff collects cash at the time of sale from 30% of customers. Of the remaining sales, 75% are collected in the month of sale and 25% are collected in the month following the sale. The sales budget for the first six months of the year is as follows:

January February March April May June
Budgeted sales $120,000 $110,000 $110,000 $112,000 $115,000 $125,000

Prepare Brooks/Neff's cash receipts budget for the second quarter. (Round answers to 0 decimal places, e. g. 5,275. Enter answers in necessary fields only. Leave other fields blank. Do not enter 0.)

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Brooks/Neff, Ltd. personalizes scrapbooks for customers, using their digital photographs. Each scrap...

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