F the company maintains a minimum cash balance of

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will be paid during the month. f. The company maintains a minimum cash balance of $20,000. An open line of credit is available from the company's bank to increase its cash balance as needed. Required: 1. Calculate the expected cash collections for December 2. Calculate the expected cash disbursements for merchandise purchases for December 3. Prepare a cash budget for December indicate in the financing
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section any borrowing that will be needed during the month. Assume that any interest will not be paid until the following month in the tabs below. - Wat is correct or incorrect for the WOT you neve completed so for so m e como Beech Corporation is a merchandising company that is preparing a master budget for the third quarter of the cand year. The company's balance sheet as of June 30th is shown below Beach Corporation Balance Sheet June 30 Assets Cash Accounts receivable Inventory Plant and equipment, net of depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Common stock Retained earnings Total liabilities and stockholders' equity > 4,000 144,000 63,758 223,00 $ 514,750 $ 64,00 349,000 81,758 $ 514,750 Beech's managers have made the following additional assumptions and estimates 1. Estimated sales for July August, September, and October will be $340,000, $360,000 $350,000 and $370,000, respectively 2. All sales
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