Maragraph Styles Editing VOICE Wilson Inc. does not collect all of the sales revenue in the period of sale. The accounts receivable department has budgeted for 85% of sales revenue to be collected in the period of sale and 15% to be collected in the next perod. The accounts receivable beginning balance is $80,000. Please prepare the Schedule of Expected Cash Collections. Schedule of Expected Cash Collections Quarter 2 Quarter 3 Quarter 1 Quarter 4 Accounts Receivable, beginning balance 80,000 1 First quarter sales Second quarter sales Third quarter sales Fourth quarter sales Total cash collections English (United State Focus > Select- Font Paragraph Editing Voice Wilson Inc. manufactures basketballs for $20/unit. Wilson Inc. budgets on a quarterly basis and the sales department has budgeted for the following sales: Qi Q2 Q3 Q4 10,000 11,000 12,000 14,000 The Basketball's selling price is $35 each. Please prepare the Sales Budget. Sales Budget For the year ended December 31, 2020 Quarter 1 Quarter 2 Quarter 3 Quarter 4 Expected Sales (units) Selling Price (/unit) Total Budgeted Sales Eigen (see State 2017 ocus Font Paragraph Styles Fing Ve Wilson Inc. has spoken with the Production Department and determined that it would like to have a desired ending finished goods Inventory of 20% of next periods sales. The assumed beginning irwentory of finished goods for 01 and the desired ending inventory of 0.4 is provided. Please prepare the Production Budget. Production Budget For the Year Ended December 31, 2019 Quarter 2 Quarter 3 Quarter 1 Quarter 4 Budgeted Sales Add: Desired ending inventory of finished goods 3.000 Total needs Deduct: Beginning inventory of finished goods 2.000 Required Production cut English (United States ENG w 0 73 5. 7 s