p-0,01987985903411138 1513107421997 1. 10.00 pomts The marketing department of J

Question

p-0,01987985903411138 1513107421997 1. 10.00 pomts The marketing department of Jessi Corporation has submfted the tolowing sales torecast for the upcoming fiscal year (all saes are on account Budgeled unt saks 12,700 , 700 15,700 14,700 seing price of the c mpany's product 6 S26 per une Management gepects to oiect5% of sam the quarter in which s uncolectitble The e s-are mote 20% n te following quarter, and 5% of sales are expend to be beanning balance of accounts recaivabie, al of which is expected to be coilecdes in he first quarter, t 573600 The company expects to stert the irst quarter with 2,540 unsts in finehed geods inventory. Manapament desiresan enang Inshed goods mmltry in each qu"rter a quin 20% of the neat quareri budgeted ats The deemed endng fnehed goods mer tory r r 'he leuquarters 2740 .nts Required: -a Complate the company's ss budget Jessi Corporation Sales Budgel 1st Quarter 2nd Quarter 3rd Gwer 4th QuarterYear Butgeted unts salee ing prica peru Tetal sales Jessi Corporation Schedule af Expected Cash Colections OType here to seardh

Explanation / Answer

1 Sale budget quarter 1 quarter 2 quarter 3 quarter 4 Total Expected units sales 12,700 13700 15700 14700 56,800 Selling price 26 26 26 26 26 Total sales 3,30,200 3,56,200 4,08,200 3,82,200 14,76,800 2 Cash collection quarter 1 quarter 2 quarter 3 quarter 4 Total Beginning accounts receivable 73600 73600 Quater 1 sales 247650 66040 313690 Quater 2 sales 267150 71240 338390 Quater 3 sales 306150 81640 387790 Quater 4 sales 286650 286650 Total cash collection 321250 333190 377390 368290 1400120 3 Production budget quarter 1 quarter 2 quarter 3 quarter 4 Total Budgeted sales 12,700 13700 15700 14700 56800 Add Ending inventory 2740 3140 2940 2740 2740 Total needs 15,440 16,840 18,640 17,440 59,540 Less beginning inventory 2540 2740 3140 2940 2540 Units to be produced 12,900 14,100 15,500 14,500 57,000

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