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 12,600 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 uncollectible. the beginning balance of accounts receivable, all of which is expected to be collected in the first quarter, is $73,400. the company expects to start the first quarter with 2,520 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 2,720 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.

Suppose that xtel currently is selling at $40 per share. you buy 500 shares using $15,000 of your own money, borrowing the remainder of the purchase price from your broker. the rate on the margin loan is 8%. a. what is the percentage increase in the net worth of your brokerage account if the price of xtel immediately changes to (a) $44; (b) $40; (c) $36? (leave no cells blank - be certain to enter "0" wherever required. negative values should be indicated by a minus sign. round your answers to 2 decimal places.) b. if the maintenance margin is 25%, how low can xtel’s price fall before you get a margin call? (round your answer to 2 decimal places.) c. how would your answer to requirement 2 would change if you had financed the initial purchase with only $10,000 of your own money? (round your answer to 2 decimal places.) d. what is the rate of return on your margined position (assuming again that you invest $15,000 of your own money) if xtel is selling after one year at (a) $44; (b) $40; (c) $36? (negative values should be indicated by a minus sign. round your answers to 2 decimal places.) e. continue to assume that a year has passed. how low can xtel’s price fall before you get a margin call? (round your answer to 2 decimal places.)