The marketing department of Jessi Corporation has submitted the following sales forecast for the upcoming fiscal year Two SD | hairut Budete se 9800 2.800 The selling price of the company's product is $38 per unit Management expects to collect 55% of sales in the quarter in which the sales are made and 30%, in the following quarter 5% of sales are expected to be uncolectible The beginning balance of accounts receivable, all of which are expected to be collected in the first quarter 16 $98,500 The company expects to start the first quarter with 2,900 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 3 150 units Required: 1a. Presentes JE CORPORATION 1o Gratur 10. Prepare the whole of exced cash collection JESSI CORPORATION Schedule at Expected On Collections arala Indre mur Accounts receivable begribas Orsales 20 Gusterales Industries 46 Quarter 2. Prepare the company production de coming facale JESSI CORPORATION TO inde Ves The marketing department of Jessi Corporation has submitted the following sales forecast for the upcoming fiscal year Two SD | hairut Budete se 9800 2.800 The selling price of the company's product is $38 per unit Management expects to collect 55% of sales in the quarter in which the sales are made and 30%, in the following quarter 5% of sales are expected to be uncolectible The beginning balance of accounts receivable, all of which are expected to be collected in the first quarter 16 $98,500 The company expects to start the first quarter with 2,900 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 3 150 units Required: 1a. Presentes JE CORPORATION 1o Gratur 10. Prepare the whole of exced cash collection JESSI CORPORATION Schedule at Expected On Collections arala Indre mur Accounts receivable begribas Orsales 20 Gusterales Industries 46 Quarter 2. Prepare the company production de coming facale JESSI CORPORATION TO inde Ves