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The marketing department of Jessi Corporation has submitted the following sales forecast for the upcoming fiscal year falf sales are on account): The selling price

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The marketing department of Jessi Corporation has submitted the following sales forecast for the upcoming fiscal year falf sales are on account): The selling price of the company's product is $13 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 uncollectble. The beginning balance of occounts recelvable, all of which is expected to be collected in the first quarter, is $71,000 The company expects to start the first quarter with 1,710 units in finished goods inventory. Management desites 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 1.910 units. Required: 2. Calculate the expected cash collections for each quarter of the fiscal yeat 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, Iculate the expected cash collections for each quarter of the fiscal year and for the year as a whole. Calculate the required production in units of finished goods for each quarter of the fiscal year and for the year as a whole

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