# The marketing department of Jess! Corporation has submitted the following sales forecast for the upcoming fiscal...

###### Question:

The marketing department of Jess! Corporation has submitted the following sales forecast for the upcoming fiscal year (all sales are on account: th lat Quarter 11,000 2nd 3rd Quarter Quarter 12,000 14,000 Badgeted unit Quarter 13,000 The selling price of the company's product is $18.00 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 recelvable, all of which is expected to be collected in the first quarter, is$70,200. The company expects to start the first quarter with 1,650 units in finished goods Inventory Management desires an ending finished goods inventory in each quarter equal to 15% of the next quarter's budgeted sales. The desired ending finished goods Inventory for the fourth quarter is 1,850 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 Required Required Calculate the estimated sales for each quarter of the fiscal year and for the year as a whole 2nd Quarter 3rd Quarter Quarter Quarter Year Total sales Required 2 >

#### Similar Solved Questions

##### In a certain plant, a dominant allele for one gene, R, produces round fruit and the...
In a certain plant, a dominant allele for one gene, R, produces round fruit and the recessive allele, r, produces oblong fruit. A dominant allele of a second gene, Y, produces yellow flowers and the recessive allele, y, produces white flowers. The two genes are linked on chromosome IV. A plant ( ry ...
##### A 9.0-cm -long wire is pulled along a U-shaped conducting rail in a perpendicular magnetic field....
A 9.0-cm -long wire is pulled along a U-shaped conducting rail in a perpendicular magnetic field. The total resistance of the wire and rail is 0.34 Ω . Pulling the wire with a force of 1.0 N causes 3.5 W of power to be dissipated in the circuit. What is the speed of the wire when pulled with 1...
##### Brief Exercise 21-10 Financing activities (LO21-6] Carter Containers sold marketable securities, land, and common stock for...
Brief Exercise 21-10 Financing activities (LO21-6] Carter Containers sold marketable securities, land, and common stock for $29.0 million,$19.0 million, and $35.0 million, respectively. Carter also purchased treasury stock, equipment, and a patent for$15.0 million. $19.0 million, and$14.4 million...
##### 1.Years ago dietary concerns and or infections killed many and there was limited or no treatments....
1.Years ago dietary concerns and or infections killed many and there was limited or no treatments. In the 19th century death from infection (went up or down) because of better and improved health habits by individuals. (up or down) and chances of 2. In the 20th century life expectancy went chronic i...
##### Please provide a detailed reply. I see the parallel circuits and used the inverse of 1/2.7...
Please provide a detailed reply. I see the parallel circuits and used the inverse of 1/2.7 + 1/2.4 and then added that total to the remaining series circuit values to find the equivalent resistance - I am obviously missing something... The battery in the circuit below supplies 7 V 3.2 Ω 41&Om...
##### Is it important for nursing students to learn correct APA style? Defend your response.
Is it important for nursing students to learn correct APA style? Defend your response....
##### A piston-cylinder arrangement contains Nitrogen initially at 200 kPa, 107 C and 0.30 m3. The piston...
A piston-cylinder arrangement contains Nitrogen initially at 200 kPa, 107 C and 0.30 m3. The piston moves until the pressure increases to 500 kPa. The pressure-volume relationship during the process is described by the equation: P= -2000 V + 800 where P is in kPa and V in m3 (a) Determine the mass o...
##### C QUESTION 36 Why do we want to use polymorphism when developing good Object Oriented solutions?...
C QUESTION 36 Why do we want to use polymorphism when developing good Object Oriented solutions? One function call can have many different results, depending on the data type being sent in Prevents a developer from having to write many if statements to catch the different data types O Allows for...
##### 16. One dose of 0.500 g Kefzol is to be administered by IV. 0.500 g Kefzol...
16. One dose of 0.500 g Kefzol is to be administered by IV. 0.500 g Kefzol is diluted to 50.0 mL total volume. The drug is to be administered over 30.0 minutes. How many milliliters per hour will the IV pump be set to administer one dose? 17. A patient is to receive one dose of 400.0 mg of Zithromax...
##### Q13 c++ if answering please do not write code in paragrapth form. 13. Drink Machine Simulator...
q13 c++ if answering please do not write code in paragrapth form. 13. Drink Machine Simulator Write a program that simulates a soft drink machine. The program should use a structure that stores the following data: Drink Name Drink Cost Number of Drinks in Machine The program should creat...
##### 20. An astronaut drops a ball on mass of the ball i a. 4 b. 6...
20. An astronaut drops a ball on mass of the ball i a. 4 b. 6 c. 1.5 d. 3 e. Can't tell. the kinetic energy when the bal hi A car has a speed of 10 m/s. It accelerates at a rate of 2.5 mi up to 175 s 21. m/s. long did it take, in s? a. 0.25 b. 0.14 c. 4 d. 7 e. 3...
emaining Time: 1 hour, 06 minutes, 59 seconds. Question Completion Status: QUESTION 7 Bonds issued by XYZ have a par value of $1000, were priced at 5960 1 year ago, and are priced at$940 today. The bonds pay annual coupons and just made a coupon payment. If the bonds had a percentage return over th...