Question: Problem 2 (20 points) Calculate the second quarter cash collections from sales for a company that expects to have credit sales of $210,000 in quarter

Problem 2 (20 points) Calculate the second quarter cash collections from sales for a company that expects to have credit sales of $210,000 in quarter 1 and $320,000 in quarter 2 and collects 75% in the quarter of sale and the remaining 25% in the following quarter. (10 points) Calculate the required production for a company that expects to sell 11,000 units in quarter 2 and has a desired ending inventory of 2,000 units of finished goods and an opening inventory of 1,400 units. (10 points)

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