23-26

The following corresponds to the next 4 questions: financial analyst for Sportif, Inc has completed sales and disbursements estimates istorically, 75 percent of sales are for cash for the coming months of January through May. H with the remaining 25 percent collected in the following mon February is $2.000 and the firm would like to keep a cash cash budget for the months of February through May to answer the followin questions h. The beginning cash balance in ths of February through May minimum cash balance of $1,000. Prepare a Month Inc. Disbursements January March Ma 23. The total cash receipts for April are Sales S6,000 $6,000 $8,000 $10,000 S10,000 58,000 $8,000 S6,000 5,000 5,000 A. $10,000 B. S9,500 C. $7.500 D. $5,000 24. The net cash flow for February is A. -$2,000 B. -$1,250 C. $5,750 D. $750 25. At the end of May, the firm has an ending cash balance of A. $7,500 B. $9,000 C. $11,000 D. $14,250 26. The firm has a total financing requirement of for the period from February through May A. $750 B. $1,000 C. $1,500 D. SO 27. A firm has prepared the coming year's pro forma balance sheet resulting in a plug figure called the external financing required -of $250,000. The firm may prepare to A. Sell common stock totaling $250,000 B. Do nothing; the balance sheet balances