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Sagot :
Answer:
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
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