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The company has just hired a new marketing manager who insists that unit sales can...

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Accounting

The company has just hired a new marketing manager who insists that unit sales can be dramatically increased by dropping the selling price from $8 to $7. The marketing manager would like to use the following projections in the budget:

Year 2 Quarter Year 3 Quarter
Data 1 2 3 4 1 2
Budgeted unit sales 50,000 65,000 115,000 70,000 85,000 100,000
Selling price per unit $7

a. What are the total expected cash collections for the year under this revised budget?

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