Requirement 2: The company has just hired a new marketing manager who insists that unit sales can be dramatically increased by dropping the selling price from $8 to $7. The marketing manager would like to use the following projections in the budget:

Required information 100.00 points Requirement 2: The company has just hired a new marketing manager who insists that unit sales can be dramaticaly increased by dropping the selling price from S8 to $7. The marketing manager would like to use the following projections in the budge: Data Year 2 Quarter Year 3 Quarter 50,000 70,000 115,000 75,000 90,000 90,000 Budgeted unit sales Selling price per unit $7 per unit 1 Chapter 7: Applying Excel 3 Data 5 Budgeted unit sales Year 2 Quarter Year 3 Quarter 50,000 70,000 115,000 75,000 90,000 90,000 7Selling price per unit $8 per unit 8Accounts receivable, beginning balance 9 Sales colected in the quarter sales are made 10 Sales collected in the quarter after sales are made 11Desired ending finished goods inventory is 12 Finished goods inventory, beginning 3Raw materials required to produce one unit 4Desired ending Inventory of raw materials is 15 .Rew materiels inventory, beginning 6Raw material costs 7 Raw materials purchasee are paid 18 and 9Accounts payable for raw materials, beginning balance 20 SB5,000 75% 25% 30% of the budgeted unit sales of the next quarter 2,000 units 5 pounds 10% of the next quarter's production needs 23,000 pounds $0.80 per pound 60% in the quarter the purchases are made 40% in the quarter following purchase S81,500 a. What are the total expected cash collections for the year under this revised budget? cash collections for the