1. Sales forecast: January: 1,800 units; February: 1,900 units; March: 1,600 units; April: 1,500 units. The unit sales price is $16. All sales are on credit and collections are 40% in the month of sale and 60% the following month. Accounts receivable as of December 31, 2014 is $17,200 and this amount is expected to be collected in January 2015.
2. End of month inventory must equal 70% of next month
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