ACCT 2332

Hello I need help with this problem, can you please show how you got your answer. Thank you

Requirement 2: The company has just hired a new marketing manager who insists that unit sales can be dramatically increased by dropping the selling price from $8 to $7. The marketing manager would like to use the following projections in the budget: Data Year 2 Quarter Year 3 Quarter 2 4 45,000 65,000 110,000 75,000 80,000 95,000 Budgeted unit sales Selling price per unit $7 per unit 1 Chapter 7: Applying Excel 3 Data Year 2 Quarter Year 3 Quarter 45,000 65,000 75,000 80,000 95,000 5 Budgeted unit sales 6 7 Selling price per unit 8Accounts receivable, beginning balance 9Sales collected in the quarter sales are madee 10.Sales collected in the quarter after sales are made 110,000 $8 per unit $65,000 75% 25% 30% of the budgeted unit sales of the next quarter Desired ending finished goods inventory is 12,000 units 2 Finished goods inventory, beginning 13.Raw materials required to produce one unit 14. Desired ending inventory of raw materials is 15.Raw materials inventory, beginning 16Raw material costs 17.Raw materials purchases are paid 18 and 19 Accounts payable for raw materials, beginning balance 20 5 pounds 10% of the next quarter's production needs 23,000 pounds $0.80 per pound 60% in the quarter the purchases are made 40% in the quarter following purchase $81,500 a. What are the total expected cash collections for the year under this revised budget? xpected cash collections for the year