1) ABC Corp has the following sales data forecast for the next year Q1 Budgeted sales in units 4,240 Q2 Budgeted sales in units 5,300 Q3 Budgeted sales in units 6,360 Q4 Budgeted sales in units 5,830 Selling price/ per unit $10.60 Sales collection in current quarter 65% Sales collection in next quarter 30% Uncollectible 5% Last year outstanding A/R $42,665.00 Last year ending inventory 1060.00 desired ending inventory is 7.95% of next quarter budgeted sales desired ending inventory for the forth quarter is 1192.50