$3.$ Varughese Incorporated is working on its cash budget for March. The budgeted

beginning cash balance is $$33,000.$ Budgeted cash receipts total $$182,000$ and budgeted

cash disbursements total $$191,000.$ The desired ending cash balance is $$40,000.$

The excess $($deficiency$)$ of cash available over disbursements for March will be:

A$.($$$9,000)$

B$.$ $$42,000$

C$.$ $$24,000$

D$.$ $$215,000$

$4.$ The LaGrange Corporation had the following budgeted sales for the first half of the

current year:

Cash Sales Credit Sales

January $ $30,000$ $ $130,000$

February $ $35,000$ $ $150,000$

March $ $38,000$ $ $110,000$

April $ $33,000$ $ $118,000$

Cash Sales Credit Sales

May $ $43,000$ $ $180,000$

June $ $60,000$ $ $120,000$

The company is in the process of preparing a cash budget and must determine the expected cash

collections by month. To this end, the following information has been assembled:

Collections on sales:

$50\%$ in month of sale

$30\%$ in month following sale

$20\%$ in second month following sale

The accounts receivable balance on January $1$ of the current year was $$76,000,$ of which $$58,000$

represents uncollected December sales and $$18,000$ represents uncollected November sales.

What is the budgeted accounts receivable balance on May $31?$

A$.$ $$113,600$

B$.$ $$90,000$

C$.$ $$95,600$

D$.$ $$209,200$