Requirement 1
SCHEDULE OF ESTIMATED SALES
1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | Total | |
Bugeted Sales units | 12,000 | 13,000 | 15,000 | 14,000 | 54,000 |
Budgeted Selling price per unit | $19 | $19 | $19 | $19 | $19 |
Budgeted Sales Revenue | $228,000 | $247,000 | $285,000 | $266,000 | $1,026,000 |
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 11,800 12,800 14,800 13,800 The selling price of the company’s product is $17 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...
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 13,000 14,000 16,000 15,000 The selling price of the company’s product is $29 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...
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 12,000 13,000 15,000 14,000 The selling price of the company’s product is $19 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...
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 12,600 Budgeted unit sales 13,600 15,600 14,600 The selling price of the company's product is $25 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...
The marketing department of Jessi Corporation has submitted the following sales forecast for the upcoming fiscal year (all sales are on 1st Quarter 11,200 Budgeted unit sales 2nd Quarter 3rd Quarter 4th Quarter 12,200 14, 200 13,200 The selling price of the company's product is $11 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...
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 11,900 12,900 14,900 13,900 The selling price of the company’s product is $18 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...
PLEASE ANSWER ALL PARTS OF THE QUESTION The marketing department of Jessi Corporation has submitted the following sales forecast for the upcoming fiscal year (all sales are on account): Budgeted unit sales 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 13,000 14,000 16,000 15,000 The selling price of the company's product is $29 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...
The marketing department of Jessi Corporation has submitted the following sales forecast for the upcoming fiscal year (all sales are on account): Budgeted unit sales 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 11,400 12,400 14,400 13,400 The selling price of the company's product is $13 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...
The marketing department of Jessi Corporation has submitted the following sales forecast for the upcoming fiscal year (all sales are on account): Budgeted unit sales 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 11,200 12,200 14,200 13,200 The selling price of the company's product is $11 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...
The marketing department of Jessi Corporation has submitted the following sales forecast for the upcoming fiscal year (all sales are on account): 2nd Quarter Budgeted unit sales 1st Quarter 12,200 and Quarter 13,00 Sed Quarter 15,300 15,300 Quarter 14,200 14,200 The selling price of the company's product is $22 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...