Business, 02.04.2021 01:50 china1283

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 Budgeted unit sales 12,500 13,500 15,500 14,500 The selling price of the company’s product is $24 per unit. Management expects to collect 75% of sales in the quarter in which the sales are made, 20% 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 $73,200. The company expects to start the first quarter with 2,500 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 2,700 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.

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Answer from: osmanysalvador9

Jessi Corporation

1st 2nd 3rd 4th

Quarter Quarter Quarter Quarter Total

1. Sales $300,000 $324,000 $372,000 $348,000 $1,344,000

2. Expected cash

collections $298,200 $303,000 $343,800 $335,400 $1,280,400

3. Units to be

produced 12,700 13,900 15,300 14,100 56,200

Explanation:

a) Data and Calculations:

1st 2nd 3rd 4th

Quarter Quarter Quarter Quarter Total

Estimated unit sales 12,500 13,500 15,500 14,500 56,000

Ending Inventory 2,700 3,100 2,900 2,700 2,700

Units available for sale 15,200 16,600 18,400 17,200 58,700

Beginning Inventory 2,500 2,700 3,100 3,100 2,500

Units to be produced 12,700 13,900 15,300 14,100 56,200

Selling price = $24 per unit

Credit Sales $300,000 $324,000 $372,000 $348,000 $1,344,000

Cash Collection:

75% in quarter $225,000 $243,000 $279,000 $261,000 $1,008,000

20% ffg quarter 73,200 60,000 64,800 74,400 272,400

Total collection $298,200 $303,000 $343,800 $335,400 $1,280,400

Answer from: Quest

i'm pretty sure the answer is 60.

Answer from: Quest

Via: "if you are found to be supplying or dealing drugs, the punishment is likely to be tough. supplying drugs doesn’t just apply to dealers. if police suspect that you intend to share drugs with your friends, this is still considered to be supplying.

being suspected of supplying drugs means you are much more likely to be charged. the amount of drugs found on you, and whether you have a criminal record, will be taken into account when a punishment is being decided.

decisions to prosecute are taken by the public prosecution service. the maximum sentences for intent to supply drugs are:

- up to life in prison or an unlimited fine (or both) for a class a drug- up to 14 years in prison or an unlimited fine (or both) for a class b or class c drug."sorry if this was a school question, you didnt supply options so i assumed it was a personal question, which if it is, reconsider selling or having possesion of any drugs at all. i wish you the best!

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