Chapter $8,$ Q$3$ thanks!The marketing department of Jessi Corporation has submitted the following sales forecast for the upcoming fiscal year $($all sales a account$)$:

$\backslash$table$[[,1$st Quarter,$2$nd Quarter,$3$rd Quarter,$4$ th Quarter$],[$Budgeted unit sales,$11,600,12,600,14,600,13,600]]$

The selling price of the company's product is $$15$ per unit. Management expects to collect $65\%$ of sales in the quarter in which the sales are made, $30\%$ in the following quarter, and $5\%$ of sales are expected to be uncollectible. The beginning balance of account receivable, all of which is expected to be collected in the first quarter, is $$71,400.$

The company expects to start the first quarter with $1,740$ units in finished goods inventory. Management desires an ending finishec goods inventory in each quarter equal to $15\%$ of the next quarter's budgeted sales. The desired ending finished goods inventory f the fourth quarter is $1,940$ units.

Required:

Calculate the estimated sales for each quarter of the fiscal year and for the year as a whole.

Calculate the expected cash collections for each quarter of the fiscal year and for the year as a whole.

Calculate the required production in units of finished goods for each quarter of the fiscal year and for the year as a whole.

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Calculate the expected cash collections for each quarter of the fiscal year and for the year as a whole.