The marketing department of Jessi Corporation has submitted the foliowing sales forecast for the upcoming fiscal year (all sales are or account). The selling price of the company's product is $15 per unit Management expects to colect 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 $71.400 The company expects to start the first quarter with 1,740 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 1,940 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. Calculate the estimated sales for each quarter of the fiscal year and for the year as a whole. The marketing department of Jessi Corporaton has submitted the following sales forecast for the upcoming fiscal year fall sales are on account The seiling price of the company's product is $15 per unit. Management expects to collect 65% of sales in the quater in which the soles are made, 30% in the following quarter, and 5% of sales are expected to be uncollecbble. The begnning balance of accounts recelvabie, all ot which os expected to be coblected in the first quarter, is $71,400. The company expects to start the first quarter with 1740 units in finshed goods inventory Managentent desires an ending finshed goods inventory in cach quarter equal to 15% of the next quarter's bodgeted sales the desired ending finished goods irventory tor the fourth quarter is 1,940 units. Required: 1. Calculate the estimated sales for each quarter of the fiscal year and for the year as a whote 2 Calculate the expected cash colbections for each quarter of the fiscal year and for the year as a wiole 3. Calculate the required production in units of finished goods tor each quarter of the fiscal year and for the year as a whole Complete this question by entering your answers ia the tabs below. Calculate the expected casb collections for each quarter of the fiscal year and for the year as a whole. The marketing department of Jess Corporation has submitted the following sales forecast for the upcoming tiscal year fail sales are on account? The selling price of the company's product is $15 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 uncoliectible. The begnning balance of accounts receivable, all of which is expected to be collected in the first quarter, is $71,400 The company expects to start the first quarter with 1,740 units in finshed goods inventory Management cesires an ending finished goods inventory in each quarter equal to 15% of the next quarter's budgeted sales. The desared ending finshed goods inventory for the fourth quarter is 1,940 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