27. Below is the bottom portion of Ford's cash budget must have a minimum cash balance of $10 credit line borrowing (repayment) for Mar balance on March 31 would be of Ford's cash budget for February. Assuming Ford February Cash Excess (Deficiency) Borrowings (Repayments) Ending Cash Balance Cumulative Borrowings March 300,000 ? 0 ?300,- 100,000 A. ($200,000); $100,000 B ($150,000); $150,000 C. $0; $300,000 D. 150,000; $450,000 150,000 150 28. A cash budget can answer all of the following questions, except: A. What are the company's sales? B. When do we pay for raw materials? C. When do we pay for new equipment? D. Are there any major cash needs coming up? E. A cash budget will answer all of the preceding questions. 29. A monthly cash budget is more useful than an annual forecast because: I. It can more precisely estimate the amount of financing needed throughout the year. II. It can better estimate the timing of financing need. A. I only B. ll only C. Both I and II D Neither I nor II as a cash balance of $7,500 on April 1. The company must im cash balance of $6,000. During April, expected cash 2000. Cash disbursements during the month are expected to 1652 000. Ignoring interest payments, during April the company will need to total $52,000. g! will need to borrow: 30. Sparks Corporation has a cash balance of maintain a minimum cash balance of S6 collections are $48,000. Cash disbur 75000 A. $3,500 B. $2,500 C. $6,000 4 con 3500 $4,000 52 coo 8 OCCO