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The marketing department of Jessi Corporation submitted the following sales forecast for next year (all...

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Accounting

The marketing department of Jessi Corporation submitted the following sales forecast for next year (all sales are on account):
\table[[Budgeted unit sales,1st Quarter,2nd Quarter,3rd Quarter,44. Quarter],[12,200,13,200,15,200,14,200,]]
The selling price of the company's product is $21 per unit. Management expects to collect 65% of sales in the quarter in which the sales are made and 30% in the following quarter; 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 $72,600.
The company expects to start the first quarter with 2,440 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 2,640 units.
Required:
Calculate the estimated sales for each quarter and for the year as a whole.
Calculate the expected cash collections for each quarter and for the year as a whole.
Calculate the required production in units of finished goods for each quarter and for the year as a whole.
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