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The marketing department of Gember Corporation has submitted the following sales forecast for the upcoming the year 22 15.300 The selling price of the company's
The marketing department of Gember Corporation has submitted the following sales forecast for the upcoming the year 22 15.300 The selling price of the company's product is $22.00 per unit. Management expects to collect 70% of sales in the quarter in which the sales are made and 20%. In the following quarter, and 10% 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 $69,000 The company expects to start the first quarter with 3,500 units in finished goods Inventory Management desires on ending finished goods inventory in each quarter equal to 15% of the next quarter's budgeted sales. The desired ending finished goods twentory for the fourth quarter is 3.700 units. Required: fa. Compute the company's total sales. Total Sales 1-b. Complete the schedule of expected cash collections. Graber Corporation Schedule of Expected Cash Collections st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year pochwych to the needs The Wedding Med godtwory to 22 Compute the company totale Ib. Complete the schedule of expected cash collections Accounts receivable, beginning balance at Quarter sales 2nd Quarter sales and Quarter sales 4th Quarter sales Total cash collections 2. Prepare the company's production budget for the upcoming fiscal year. Grabor Corporation Menu Rude and Orale Bref Quarantee 4th Quarter anles Toil cash collections 2. Prepare the company's production budget for the upcoming fiscal year. Production nude 2nd Quarter Sid Dua Budgeted unit sales Total units needed Required production
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