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The marketing department of Jessi Corporation has submitted the following sales forecast for the upcoming fiscal year (all saies are or eccount: The seling price of the company's product is $18.00 per unit. Management expects to collect 65% of sales in the quarter in which the sales are made. 30 s in the following quarter, and 5% of sales are expected to be uncoliectible. The beginning balance of occounts receivable, all of which is expected to be collected in the first quarter, is $70.200. The company expects to start the first quarter with 1,650 units in finished goods inventory Management desires an ending finished goods imventory in each quarter equal to 15% of the next quarter's budpeted saies. The desired ending finished goods inventory for the fourth quarter is 1.850 units. Dequired: 1. Calculate the estimated saies for cach quarter of the fiscal year and for the year as a whole. 2 Caiculate the expected cash coliections for each quarter of the fiscal yeor and for the year as a whole. 3. Calculate the required production in units of finished goods for each cuarter of the fiscal year and for the year as a whole. Complete this question by entering your answers in the tabs below. Calculat the expected ach collections for each quarter of the fiscal year and for the war as a whole. The marketing department of Jessi Corporation has submitsed the following sales forecast for the upcoming fiscal year (a) sales are on account) The selling price of the compary's product is $1800 per unit. Management expects to collect 65x of sales in the quarter in which the sales ase made, 30% in the following quarter. and 5% of sales are expected to be uncollectible. The beginaing balance of accounts receivabie, alf of which is expected to be collected in the firti cusitet, is $70,200 The company expects to stan the first quarter with 1,650 unis in firshed goods imventory. Management desires an ending finished goods inventory in each quorter equal to 15% of the next quarter's budgeted sales. The desired ending finished goods inventory for the fouth aister is 1.850 units Pequired: 1 Calcuiate the estimated sales for each quarter of the fical year and for the year as a whole 2. Caiculate the expected cash colections for each quarter of the focol year and for the year as a whole. 3 Calculate the required peoduction in unts of fonshed goods for each quarter of the fiscal year and for the year as a whoie Corqplete this question by entering your anwwers in the tabs belew. Calculate the estimated asles for each quarter of the fiscal veor and for the year as o whole. The marketing department of Jessi Corporation has submitted the following sales forecast for the upcoming fiscal year fall sales are on account): The selling price of the company's product is $18.00 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 accounts receivable, all of which is expected to be collected in the first quarter, is $70,200 The company expects to start the first quarter with 1,650 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 1,850 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 fiscal year and for the year as a whole. Complete this question by entering your answers in the tabs below