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Hi there, could someone please help me solve the following; The marketing department of Graber Corporation has submitted the following sales forecast for the upcoming

Hi there, could someone please help me solve the following;

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The marketing department of Graber Corporation has submitted the following sales forecast for the upcoming fiscal year. First Quarter Second Fourth Quarter Third Quarter Quarter Budgeted unit sales 17,800 16,800 15,800 16,800 The selling price of the company's product is $32.00 per unit. Management expects to collect 80% of sales in the quarter in which the sales are made and 15% 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 $84,000. The company expects to start the first quarter with 5,000 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 desired ending finished goods inventory for the fourth quarter is 5,200 units. Required: 1-a. Compute the company's total sales. 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year Total Sales 1-b. Complete the schedule of expected cash collections. Graber Corporation Schedule of Expected Cash Collections 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year Accounts receivable, beginning balance 1st Quarter sales 2nd Quarter sales 3rd Quarter sales 4th Quarter sales Total cash collections 2. Prepare the company's production budget for the upcoming fiscal year. Graber Corporation Production Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year Budgeted unit sales Total units needed Required production

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