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please help me H The marketing department of Kyle Corporation has submitted the following sales forecast for the upcoming fiscal year: The selling price of
please help me H
The marketing department of Kyle Corporation has submitted the following sales forecast for the upcoming fiscal year: The selling price of the company's product is $33 per unit Management expects to collect 55% of sales in the quarter in witich the sales are made and 40% in the following quarter, 5% of soles are expected to be uncollectible. The beginning balance of accourts recelvable, all of which are expected to be collected in the first quarter, is $93.500. The company expects to start the first quarter with 2,650 units in finished goods inventory Management desires an ending finished goods inventory in each quarter equal to 15% of the next quarter's budgeted sales. The desired ending finished goods inventory for the fourth quarter is 2,900 units. Required: 1-a. Prepare the company's sales budget: 1-b. Prepare the schedule of expected cash collections 1-b. Prepare the schedule of expected cash colections 2. Prepare the company's production budget for the upcoming fiscal year Step by Step Solution
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