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:

	Year 2 Quarter		Year 3 Quarter
Data	1	2	3	4		1	2
Budgeted unit sales	50,000	65,000	115,000	70,000		85,000	100,000
Selling price per unit	$7

a. What are the total expected cash collections for the year under this revised budget?