Ces The Marketing Department Of Jessi Corporation Has Submitted The Following Sales Forecast For The Upcoming Fiscal Yea 1 (37.86 KiB) Viewed 38 times
Ces The Marketing Department Of Jessi Corporation Has Submitted The Following Sales Forecast For The Upcoming Fiscal Yea 2 (18.35 KiB) Viewed 38 times
Ces The Marketing Department Of Jessi Corporation Has Submitted The Following Sales Forecast For The Upcoming Fiscal Yea 3 (18.37 KiB) Viewed 38 times
Ces The Marketing Department Of Jessi Corporation Has Submitted The Following Sales Forecast For The Upcoming Fiscal Yea 4 (23.3 KiB) Viewed 38 times
ces The marketing department of Jessi Corporation has submitted the following sales forecast for the upcoming fiscal year (all sales are on account): 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 12,800 15,800 14,800 13,800 Budgeted unit sales The selling price of the company's product is $27 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 uncollectible. The beginning balance of accounts receivable, all of which is expected to be collected in the first quarter, is $73,800. The company expects to start the first quarter with 2,560 units in finished goods inventory. Management desires an ending finished goods inventory in each quarter equal to 20% of the next quarter's budgeted sales. The desired ending finished goods inventory for the fourth quarter is 2,760 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. Required 1 Required 2 Required 3 Calculate the estimated sales for each quarter of the fiscal year and for the year as a whole. 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Total sales Year
Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate the expected cash collections for each quarter of the fiscal year and for the year as a whole. Total cash collections 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year
Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate the required production in units of finished goods for each quarter of the fiscal year and for the year as a whole. 1st Quarter 2nd Quarter Required production in units 3rd Quarter 4th Quarter Year
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