are on The selling price of the company's product is $20 per unit. Management expects to collect 75% of sales in the quarter in which the sales are made, 20% in the following quarter, and 5% of sales are expected to be uncollectible The beginning balance of accounts receivable, all of which is expected to be collected in the first quarter, is $72.400 The company expects to start the first quarter with 2.420 units in finished goods inventory Management desires an ending finished the fourth quarter is 2620 units 1. Calculate the estimated sales for each quarter of the fiscal year and for the year as a whole 3. Calculate the required production in units of finished goods for each quarter of the fiscal year and for the year as a whole Help Save & Exit Submit 26 The marketing department of Jessi Corporation has submitted the following sa account The selling price of the company's product is $20 per unit Management expects to collect 75% of sales in the quarter in which the The beginning balance of accounts sales are made. 20% in the folowing quarter, and 5% of sales are expected to be receivable, all of which is expected to be collected in the first quarter, is $72.400 The company expects to start the first quarter with 2.420 units in finished goods inventory in each quarter equal to 20% of the next quarter's budgeted sales. The dered the fourth quarter is 2.620 units goods inventory desires an ending finished Required: 1. Calculate the estimated sales for each quarter of the fiscal year and for the year as a whole 2 Calculate the expected 3. Calculate the required production in units of finished goods for each quarter of the fiscal year and for the year as a whole cash collections for each quarter of the fiscal year and for the year as a whole for each quarter of the fiscal year and for the year as a whole. Prey 26 of 28Next > 26 courts The selling price of the company's product is$20 per unit. Management expects to collect 75% of sales in the sales are made, 20% in the folowing quarter, and 5% of sales are expected to be receivable, all of which is expected to be collected in the first quarter, is $72.400 quarter in which the The beginning balance of accounts The company expects to start the first quarter with 2.420 units in finished goods inventory Management desires an ending finished goods inventory in each quarter equal to 20% of the next quarter's budgeted sales. The desred ening finished goods inventory for the fourth quarter is 2.620 units Required ulate the estimated sales for each quarter of the fiscal year and for the year as a whole 2. Calc e the expected cash collections for each quarter of the fiscal year and for the year as a whole