Homework Help Svet Sunt 4. 0.63 Exercise 8-14 (Algo) Sales and Production Budgets (LO8-2, LO8-3) The marketing department of Jess Corporation has submitted the following sales forecast for the upcoming cal year son Account IS DIT Quarter Budgeted sit sales 12,50 13,5 15,500 16,500 The veling price of the company's product is $24 perunt Management expects to collect 75% of the quarter in which the sales are made, 20% in the following quarter and 6 of sales me expected to be uncollection. The beginning bace of accounts receivable, wil of which is expected to be conected in the first quarter is 573,200 The company expects to start the start with 2.500 units in the goods vertory Management des senting fired goods inventory in each quarter equal to 20% of the next quarter's budgeted as the desired ending finished goods wvertory for the fourth quarter is 2.700 units Required: 1. Calculate the estimated sales for each quarter of the fiscal year and for the year as a whole 2. Calculate the expected cash collections 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 focal year and for the year as a whole Complete this question by entering your answers in the tabs below. Required: 2 Roured Calculate the estimated sales for each quarter of the fiscal year and for the year as a whole Tu Quarter 2nd Quarter Indre Year Total Mc lo 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 2,700 units Heferences Required: 1. Calculate the estimated sales for each quarter of the fiscal year and for the year as a whole. 2. Calculate the expected cash collections 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 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate the expected cash collections for each quarter of the fiscal year and for the year as a whole. 1st Quarter 2nd Quarter 3rd Quarter Ath Quarter Year Totalcash collections Required (Me Graw HU MacBook Air Required: 1. Calculate the estimated sales for each quarter of the fiscal year and for the year as a whole. 2. Calculate the expected cash collections 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate the required production in units of finished goods for each quarter of the fiscal year and for the year as a whole. 1st Quarter 2nd Quarter Required production in units 3rd Quarter 4th Quarter Year (Required 2 Mc Graw
