Required information The following information applies to th

Required information (The following information applies to the questions displayed below. Beech Corpor ation is a merchandising company that is preparing a master budget for the third quarter of the calendar year. The company\'s balance sheet as of June 30th is shown below: Beech Corporation Balance Sheet June 30 Assets Cash Accounts receivable Inventory Plant and equipment, net of depreciation Total assets s 76,000 137,000 86, 100 230, 000 $ 529,100 Liabilities and Stockholders\' Equity Accounts payable Common stock s 91,000 312, 000 126, 100 S 529,100 Total liabilities and stockholders\' equity Pre of 4Next

Solution

Dear Student,

Best effort has been made to give quality and correct answer. But if you find any issues please comment your concern. I will definitely resolve your query.

Also please give your positive rating.

Schedule of expected cash collections
	July	August	September	Quarter Ended Sep
Collection from Same Months Sale (35%)	$        143,500	$        150,500	$        147,000	$          441,000
Collection from Last Months Sale (65%)	137,000	266,500	279,500	683,000
Expected cash collections	280,500	417,000	426,500	1,124,000