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27-30 please answer them all. Speedy Runner makes running shoes and they have gathered the following data for the month of October Data h on
27-30 please answer them all.
Speedy Runner makes running shoes and they have gathered the following data for the month of October Data h on 10/1 $15,300 Cash Collections $435,000 $80,000 32,000 Direct Materials Cash sbursements Labor Cash ents OH Cash Disbursements Operating Expenses Cash S2500 apital Expenditures Cash itures Cash$110000 Speedy Runner requires an ending cash balance of at least $12,000 and can borrow from a line of credit in $1,000 increments. What is Speedy Runner's cash excess or cash deficiency at the end of October? A. $3,300 cash deficiency C.$3,300 cash excess B. $12,000 cash deficiency D. $203,300 cash excess 28. Please use the information in problem 27, Speedy Runner requires an ending cash balance of at least $12,000 and can borrow from a line of credit in $1,000 increments. How much will Speedy Runner need to borrow at the end of October? A. $3,300 B$9,000 C$8,700 DS0 edy Runner requires an ending cash balance of at least S12000 and can borrow from a line of credit in SI 00 increments. What is the ending cash balance for October? A. $12,300 B.$12,000 C.$3,300 D.$9,000 29. Please use the information in problem 27. 30. Expected purchases for June and July are $76,000 and $90,00, respectively. Purchases for May were $56,000. All purchases are paid 40% in the month of purchase and 60% the following month. Accounts payable for June 30 is? A. $135,600 B. $64,000 C$76,000D. $45,600 Step by Step Solution
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