2) Gibor Corp. is preparing the cash budget for December 20x1. The payment pattern for the purchase of merchandise has been 75% in the month of sale, 15% in the first month after sale, and the rest in the second month after sales. The company usually receives a 10% discount on all purchases. Accounts payable on January 1t was $25,000. The total purchase for the third quarter were estimated as follows: October: November: $75,000 December: $100,000 $50,000 What amount would be the projected cash payments for January? A. 52,875 B. 58,750 C. 82,125 D. 100,000 For questions 3 and 4, consider the following information: Nice Co., distributor of candy, has reported the following budget assumptions for 20x1: No change in candles inventory level:; cash disbursement to candy manufacturer, $250,000; target accounts payable ending balance for year 1 is 125% of accounts payable beginning balance; and sales price is set at a markup of 40% of the candy purchase price. The candy manufacturer is Nice's only vendor, and all purchases are made on credit. The accounts payable has a balance of $150,000 at the beginning of 20x1. 3) What is Nice's cost of goods sold for 20x1? A. $162,500 B. $250,000 C. $287,500 D. $312,500 4) What is Nice's sales for 20x1? A. $302,500 B. $350,000 C. $359,375 D. $402,500