1) During December, the capital budget indicates a $279700purchase of equipment for cash. The ending November cash balance is budgeted to be $39500. Cash receipts are $840100, and cash disbursements are $610400during December. The company wants to maintain a minimum cash balance of $19700. What is the minimum cash loan that must be planned to be borrowed from the bank during December?

$30200

$10500

$50000

$0

2) VaughnInc. has budgeted direct materials purchases of $150500in March and $240600in April. Past experience indicates that the company pays for75% of its purchases in the month of purchase and the remaining25% in the next month. Other costs are all paid during the month incurred. During April, the following items were budgeted:

Wages expense $75000

Purchase of office equipment 35000

Selling and administrative expenses 24100

Depreciation expense 17800

Accounts receivable write-offs 9700

How much is budgeted cash disbursements for April?

$328075

$218075

$352175

$369975