1) For venture ZA, the beginning cash amounts for the months of October and November are $25,000 and $30,000 respectively. The total sales are $200,000 and $300,000 for the months of October and November, respectively. It sells 80% on cash basis and 20% on credit. It collects its accounts receivable or credit sales 100% in the following month.

Find the total available cash for the month of November.

$250,000; $280,000; $300,000; $310,000; or $400,000

2) A venture has $400,000 and $470,000 cash available for the months of April and Mary respectively. Its total cash disbursements for merchandise wages and commissions, rent and truck purchases are $300,000 and $450,000 respectively. It desires a minimum cash balance of $50,000 each month.

Find the total cash needed for the months of April and May.

$350,000 & $500,000; $250,000 & $400,000; $150,000 & $230,000; $120,000 & $100,000; or $100,000 & $50,000

3) For venture XYZ has $400,000 cash available for the month of June. It needs for disbursements and minimum cash balance a total of $500,000 for the month of June.

Find the excess of total cash for the month of June.

$50,000; $(100,000); $40,000; $80,000; or $(150,000)

-- I would appreciate any help. --Thanks!