The marketing department of Jessi Corporation has submitted the following sales forecast for the upcoming fiscal...

3.9 Ratings (393 Votes)

	1^st Quarter	2^nd Quarter	3^rd Quarter	4^th Quarter	Year
Budgeted unit sales	11700	12700	14700	13700	52800
Selling price per unit	16	16	16	16	16
Total sales	187200	203200	235200	219200	844800


Schedule of Expected Cash Collections
	1^st Quarter	2^nd Quarter	3^rd Quarter	4^th Quarter	Year
Accounts receivable,	71600	$	$	$	71600
beginning balance	71600	$	$	$	71600
1^st Quarter sales	140400	37440			177840
2^nd Quarter sales		152400	40640		193040
3^rd Quarter sales			176400	47040	223440
4^th Quarter sales				164400	164400
Total cash collections	212000	189840	217040	211440	830320


Production Budget
	1^st Quarter	2^nd Quarter	3^rd Quarter	4^th Quarter	Year
Budgeted unit sales	11700	12700	14700	13700	52800
Add desired ending inventory	1905	2205	2055	1955	1955
Total units needed	13605	14905	16755	15655	54755
Less beginning inventory	1755	1905	2205	2055	1755
Required production	11850	13000	14550	13600	53000

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