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The marketing department of Jessi Corporation has submitted the following sales forecast for the upcoming fiscal year: The selling price of the company's product is

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The marketing department of Jessi Corporation has submitted the following sales forecast for the upcoming fiscal year: The selling price of the company's product is $28 per unit. Management expects to collect 60% of sales in the quarter in which the sales are made and 35% in the following quarter; 5% of sales are expected to be uncollectible. The beginning balance of accounts receivable, all of which are expected to be collected in the first quarter, is $88,500. The company expects to start the first quarter with 2,400 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 2,650 units. Required: 1-a.Prepare the company's sales budget. 1-b.Prepare the schedule of expected cash collections

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