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Henderson Jewelers Inc. is a vendor of jewelry. The marketing department of Henderson Jewelers has submitted the following sales forecasts for their diamond necklaces for the upcoming year:
1st Quarter: 50,000 Necklaces
2nd Quarter: 48,000 Necklaces
3rd Quarter: 41,500 Necklaces
4th Quarter: 50,000 Necklaces
Problem 1. Provide the company's production budget for each quarter of this year.
Problem 2. How much cash does Henderson expect to receive from sales in Q3?
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